What tax-free allowances do you have?

There are many tax-free allowances in the UK.

Taking advantage of them can significantly reduce your tax bill or increase your tax refund.

Some of them are automatic (you don’t need to do anything to use them), while others you need to claim.

You can click on each of these links to see how each works:

1. General tax-free allowances

Tax-free allowance	How much is it?	Do you need to apply for it?
The Trading Allowance	£1,000	No, if you don’t earn more or Yes if you don’t claim other expenses
The Home Office Allowance	Between £10 – £26 per month	Only if you prefer it to claiming rent
The Mileage Allowance	Between 24p to 45p per mile	Only if you prefer it to claiming fuel, etc.

Tax-free allowance	How much is it?	Do you need to claim it?
The Property Income Allowance	£1,000	Only if you don’t earn more or don’t claim expenses
The Rent a Room Scheme	£7,500	Only if you’re eligible
The Private Residence Relief	You don’t pay CGT when selling your home	Only if you didn’t live in it for the entire duration

Tax-free allowance	How much is it?	Do you need to claim it?
The Capital Gains Allowance	£3,000	No
The Dividend Allowance	£500	No
The Savings Interest Allowance	Between £5,000 and £0 (depends on your Income Tax band)	No

Private Pension Tax Relief – you can contribute up to £40,000 per year or 100% of your income (whichever is lower) and claim a 20-25% tax relief
Pension Lifetime Allowance – £1.07 million in your lifetime

The State Benefits Allowance: some (not all) state benefits are tax-free
The National Lottery Allowance: winnings from the National Lottery are tax-free.

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