The UK tax year operates from 6th April to the 5th April the following year and not the calendar year January to December. Therefore for a monthly payroll, April would be month 1 and March would be month 12.
Tax Glossary
Personal Allowance
Almost everyone who lives in the UK is entitled to the individual personal allowance. This is the amount of income you can receive each tax year before having to pay income tax.
Age Allowance
Is available to individuals 65 and over but is restricted and reduced when total income exceeds certain threshold limits.
Pension Contribution
The Government encourages tax payers to save for retirement by giving tax relief on pension contributions. Higher rate tax payers who make personal contributions into pension schemes should check they are receiving the correct tax relief,as personal contributions are usually paid net of basic rate tax. See our figures on average pension contribution figures by salary
Blind Person's Allowance
If you are certified blind and are on a local authority register of blind persons, or if you live in Scotland or Northern
Ireland and are unable to perform any work for which eyesight is essential, you can claim Blind Person's Allowance.
If you can't use up some or all of your allowance you may be able to transfer it.
Married Couples Allowance
The age related married couples allowance is an additional allowance available for married couples or civil partnership where the elder partner was born before 6th April 1935. The amount of allowance will depend on the couples combined total taxable income. The allowance is flexible and can be transferred between spouses or civil partners to maximise the overall tax benefit.