Tax allowances
| Personal allowances deducted at the 20% standard rate |
|---|
| Additional personal allowance (also known as single parent allowance) (see note 1 below) | £3,000 |
Child Allowance Restricted by reference to the excess of child's investment income over £3,000 (see note 3) | £2,000 £1 for £1 |
Higher Child Allowance (see note 2)
Restricted by reference to the excess of child's investment income over £3,000 (see note 3) | £6,000 £3 for £2 |
| Exemption thresholds deducted using the marginal relief 26% calculation of tax |
|---|
| Single | £14,350 |
| Married / civil partnership | £23,000
|
| Single (aged 65 or over for the whole of the year) | £15,900
|
| Married / civil partnership (aged 65 or over for the whole of the year) | £26,100 |
| Additions to exemption thresholds |
|---|
| Second earner's allowance | £4,500 |
| Child (see note 3) | £3,000 |
| Child in further education (see notes 2 and 3) | £9,000 |
| Single parent (see note 1) | £4,500 |
| Childcare tax relief | £6,150 (max) |
| Enhanced childcare tax relief (pre-school age children) | £14,000 (max) |
| Qualifying mortgage interest relief | £15,000 (max) |
| Interest tax relief |
Mortgage interest relief for your principal private residence, although no longer available at the standard rate of tax, is still available at the marginal rate. This means that if you are in what is sometimes called the lower to middle income bracket, you may still receive a deduction for the interest you pay on your home.
Marginal relief calculation of personal tax
Loan and mortgage interest tax relief |
| A maximum deduction of £250 against the total of all benefits in the year of an employee or office holder |
About benefits in kind
1) Additional personal (single parent) allowance is only due if the claimant:
- is not entitled to the married/civil partnership exemption threshold (i.e. a single parent) or if the claimant's spouse/civil partner is totally incapacitated by physical or mental infirmity and;
- is entitled to child allowance
2) A child who is over 17 years of age receiving full time higher education. 'Higher education' is defined in the Education (Jersey) Law 1999. Generally it means a university degree, however, other tertiary courses are accepted, for example a foundation degree or attending a recognised nurses training college. If you are not sure if the higher allowance is due, contact us with details of the course your child is attending and a prospectus of the college.
The allowance of £6,000 has been enhanced by an additional £3,000 for individuals who pay their tax at the marginal rate.
3) If a child has unearned income (from 2014 earned income is not taken into account) in their own right the amount must be included with the claim for child allowance. Once a child receives more than £3,000 unearned income in the year the child allowance will be restricted on a £1 for £1 basis if child allowance is claimed and £3 for every £2 if higher child allowance is claimed. For example, a child at school has investment income of £4,000 marginal rate child allowance of £3,000 will be reduced to £2,000. The higher allowance for a child at university with the same income will be reduced from £6,000 to £4,500.
| Retirement annuity relief |
|---|
The combined total paid into all pension schemes in the year of assessment whichever is the lower of: - total pension contribution(s)
- £50,000 less any excess
- relevant earnings less any excess
Claiming a deduction for your pension contributions |
Paying into an approved pension scheme is a deduction from your earnings both at the standard rate and using the marginal relief calculation of tax. Deductions are given for tax approved schemes only.
| Motor expenses |
|---|
| Flat rate per mile: car | 60p |
| Flat rate per mile: motorcycle | 30p |
Motor expenses can only be claimed when you use your own vehicle wholly and exclusively for work purposes. Mileage can not be included for commuting to and from work. To make a claim evidence is required, for example a letter from your employer, and also a written record of your mileage calculation.
gov.je