Personal Savings Allowance: every value since 2016
The amount of savings interest a person can earn each tax year without paying tax on it, introduced in April 2016. Additional rate taxpayers do not get one.
HM Revenue and Customs gives 11 values for the basic rate taxpayers, from £1,000 in 2016 to 2017 to £1,000 in 2026 to 2027. Of the 10 year-to-year steps, it stayed the same in 10, went up in 0 and never went down. Across the whole series the cash value changed by –. The value in 2025 to 2026 was the same as the one before; ONS CPI inflation for calendar year 2025 was 3.4%. Ten years before the latest value, in 2016 to 2017, it was £1,000. Income Tax receipts were £326.9 billion in 2025 to 2026, according to HMRC.
Basic rate taxpayers
| Tax year | Basic rate taxpayers (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £1,000 | – | not yet published |
| 2025 to 2026 | £1,000 | – | 3.4% |
| 2024 to 2025 | £1,000 | – | 2.5% |
| 2023 to 2024 | £1,000 | – | 7.3% |
| 2022 to 2023 | £1,000 | – | 9.1% |
| 2021 to 2022 | £1,000 | – | 2.6% |
| 2020 to 2021 | £1,000 | – | 0.9% |
| 2019 to 2020 | £1,000 | – | 1.8% |
| 2018 to 2019 | £1,000 | – | 2.5% |
| 2017 to 2018 | £1,000 | – | 2.7% |
| 2016 to 2017 | £1,000 | 0.7% |
Source: HMRC Table A.1.
Higher rate taxpayers
HM Revenue and Customs gives 11 values for the higher rate taxpayers, from £500 in 2016 to 2017 to £500 in 2026 to 2027. Of the 10 year-to-year steps, it stayed the same in 10, went up in 0 and never went down.
| Tax year | Higher rate taxpayers (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £500 | – | not yet published |
| 2025 to 2026 | £500 | – | 3.4% |
| 2024 to 2025 | £500 | – | 2.5% |
| 2023 to 2024 | £500 | – | 7.3% |
| 2022 to 2023 | £500 | – | 9.1% |
| 2021 to 2022 | £500 | – | 2.6% |
| 2020 to 2021 | £500 | – | 0.9% |
| 2019 to 2020 | £500 | – | 1.8% |
| 2018 to 2019 | £500 | – | 2.5% |
| 2017 to 2018 | £500 | – | 2.7% |
| 2016 to 2017 | £500 | 0.7% |
Source: HMRC Table A.1.
CPI: ONS series D7G7, for the calendar year the period starts in. About these tables · CSV
Related pages
Sources and receipts
- Table A.1 Income Tax personal allowances and reliefs, HM Revenue and Customs.
File: Table_a1_-_Income_Tax_-_personal_allowances_and_reliefs.ods. Read 2026-10-15. SHA-256
5b91e2bb93f0bc69c36a8dacb5605497fe169b5632dc4bdef255502daed8bde4 - Consumer price inflation time series (MM23), Office for National Statistics.
File: mm23.csv. Read 2026-10-15. SHA-256
1b78749ea634755b83064d88f4fc6f7dd177e0c41d8b573c9d8172b8d3fff641