Question: what is the 2019/20 personal allowance?
Answer: Legislation will be introduced in Finance Bill 2018-19 to set the Personal Allowance for 2019 to 2020 at £12,500, and the basic rate limit for 2019 to 2020 at £37,500. These thresholds will remain set at £12,500 and £37,500 for 2020 to 2021 and will be increased in line with CPI thereafter.