Tax Allowances & Reliefs for 2024/25

Tax allowances and reliefs help you save big on taxes.
In 2024/25, you can earn:
- £12,570 tax-free with the Personal Allowance
- Marriage Allowance saves up to £252 by sharing unused allowances.
- Dividend income up to £500 is tax-free.
- ISA allowance of £20,000 is tax-free for savings and investments.
- Capital Gains Tax (CGT) allowance is £3,000, with rates from 10% to 28%.
- Pension contributions offer tax relief, with an annual limit of £60,000.
- You can also save up to £1 million on inheritance tax using combined allowances.
At Apex Accountants, we make UK tax planning easy. We ensure that you maximise every allowance and relief available!