Useful Information

Applying for a mortgage as a seafarer can be problematic. Ask your Tax Adviser for more information about our preferred mortgage provider, who specialise in mortgages for Seafarers.

Income tax rates and allowances

Income Tax Allowances

Income Tax Allowances table 2018-19 and 2019-20

Income Tax allowances	2018-19	2019-20
Personal Allowance for people born after 5 April 1948	£11,850	£12,500
Income limit for Personal Allowance (1)	£100,000	£100,000
Maximum amount of Married Couple's Allowance (born before 6th April 1935)	£8,355	£8,445
Minimum amount of Married Couple's Allowance	£3,220	£3,260
Blind Person's Allowance	£2,290	£2,320
Transferable tax allowance for married couples and civil partners (2)	£1,060	£1,060

The Personal Allowance reduces where the income is above £100,000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age or date of birth.
Available to spouses/civil partners born after 5 April 1935. This allowance is 10% of the personal allowance for those born after 5 April 1938. It allows a spouse or civil partner who is not liable to income tax above the basic rate, to transfer this amount of their personal allowance to their spouse/civil partner. The recipient must not be liable to tax above the basic rate. The recipient is eligible to a tax reduction of 20% of the transferred amount. More information can be found here; https://www.gov.uk/marriage-allowance.

Income tax rates are different if you live in Scotland.

Income Tax Allowances in Scotland

Income Tax Allowances for Scottish tax year 2018-19

Band	Taxable Income	Scottish Tax Rate
Personal Allowance	Up to £11,850	0%
Starter Rate	£11,850-£13,850	19%
Basic Rate	£13,851-£24,000	20%
Intermediate Rate	£24,001 to £43,430	21%
Higher Rate	£43,431 to £150,000	41%
Top Rate	over £150,000	46%

From 6^th April 2019, the rates will also differ if you live in Wales.