Income Tax Personal and Age-Related Allowances

 
Per Year
2010-11
2011-12
Personal allowance (age under 65)
£6,475
£7,475
Personal allowance (age 65-74)
£9,490
£9,940
Personal allowance (age 75 and over)
£9,640
£10,090
Married couple's allowance* (age 75 and over)

£6,965

£7,295
Married couple's allowance* - minimum amount £2,670 £2,800
Income limit for age-related allowances £22,900 £24,000
Income limit for under 65 personal allowance £100,000 £100,000
Blind person’s allowance £1,890 £1,980

* Married couple's allowance is given at the rate of 10%


Income Tax: Taxable Bands

 
 
2010-11
2011-12
Savings starting rate*: 10%
0 - £2,440
0 - £2,560
Basic rate: 20%
 0 - £37,400
0 - £35,000
Higher rate: 40%
£37,401 - £150,000
£35,001 - £150,000
Additional rate : 50%

Over £150,000

Over £150,000

* Only available if non savings income is less than this amount

 

1st floor, 34 High Street, High Wycombe, Bucks. HP11 2AG             Authorised and regulated by the Financial Services Authority