Section 2: Limits and Allowances for 2015-16
Summary
1.This section sets the amount of blind person’s allowance, the minimum amount of married couple’s allowance and married couple’s allowance for 2015-16. It also sets the income limits, above which the higher personal allowance for those born before 6 April 1938 begin and the married couple’s allowance begin to be withdrawn.
Details of the Section
2.Subsection (1) sets the amount of the income limits, blind person’s allowance, the minimum amount of married couple’s allowance and married couple’s allowance for 2015-16.
3.Subsection (2) disapplies the indexation provisions for the amounts in subsection (1).
Background Note
4.From 2015-16, the basis of indexation for income tax allowances and rate limits is the consumer prices index (CPI). For 2015-16, this section sets the amount of the income limits, blind person’s allowance, minimum amount of married couple’s allowance and married couple’s allowance at the equivalent of indexation based on the retail prices index (RPI) instead of CPI.
