Income Tax allowances
Income Tax allowances |
2007-08 | 2008-09 |
2009-10 |
|---|---|---|---|
| Personal Allowance |
£5,225 | £6,035 |
£6,475 |
Personal Allowance for people aged 65-74 (1) |
£7,550 | £9,030 |
£9,490 |
Personal Allowance for people aged 75 and over (1) |
£7,690 | £9,180 |
£9,640 |
| Married Couple's Allowance (born before 6th April 1935 but aged under 75) (1)(2)(3) |
£6,285 | £6,535 |
Not applicable |
| Married Couple's Allowance - aged 75 and over (1) (2) |
£6,365 | £6,625 |
£6,965 |
| Income limit for age-related allowances |
£20,900 | £21,800 |
£22,900 |
Minimum amount of Married Couple's Allowance |
£2,440 | £2,540 |
£2,670 |
| Blind Person's Allowance |
£1,730 | £1,800 |
£1,890 |
INcome Tax Rates UK
- Starting Rate for savings only - 10% - £0-£2,440
- Basic Rate - 22% £0-£37,400
- Higher Rate - 40% Over £37,400
- Top Rate - 50% Over £150000
- Example of Income Tax
Related Essays and Revision Notes
- Economics Help - Revision Guide
- Economics Dictionary
at Amazon.co.uk
-
Economics Dictionary
at Amazon.com