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Income Tax |
[Taxation Index] [Other Personal Taxes] [Business Taxes] [Car Use & Mileage Allowances] [Budget Features]
INCOME TAX AND ALLOWANCES
TAXATION RATES & THRESHOLDS, ETC.
| 2010/11 | 2009/10 | 2008/09 | 2007/08 |
2006/07 |
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| INCOME TAX | Band | Rate | Band | Rate | Band | Rate | Band | Rate | Band | Rate | ||||||
| Lower on First | N/A | N/A | N/A | N/A | N/A | N/A | £ 2,230 | 10.0% | £ 2,150 | 10.0% | ||||||
| Standard on Next/First | £ 37,400 | 20% | £ 37,400 | 20.0% | £ 34,800 | 20.0% | £ 32,370 | 22.0% | £31,150 | 22.0% | ||||||
| Within which: | ||||||||||||||||
| Earnings, Pensions | 20% | 20% | 20% | 22% | 22% | |||||||||||
| Savings (1) | £ 2,440 | 10% | £ 2,440 | 10% | £ 2,320 | 10% | 20% | 20% | ||||||||
| over above | £ 2,440 | 20% | £ 2,440 | 20% | £ 2,320 | 20% | N/A |
N/A |
N/A |
N/A |
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| Dividend | 10% | 10% | 10% | 10% | ||||||||||||
| Higher on Over | £ 37,400 | £ 37,400 | £ 34,800 | £ 34,600 | £33,300 | |||||||||||
| General | 40.0% | 40.0% | 40.0% | 40.0% | 40.0% | |||||||||||
| Dividend Higher Rate | 32.5% | 32.5% | 32.5% | 32.5% | 32.5% | |||||||||||
| Additional on Over | £ 150,000 | N/A | N/A | N/A | N/A | |||||||||||
| General | 50.0% | N/A | N/A | N/A | N/A | |||||||||||
| Dividend Additional Rate | 42.5% | N/A | N/A | N/A | N/A | |||||||||||
| 2010/11 | 2009/10 | 2008/09 | 2007/08 | 2006/07 | ||||||||||||
| Basic Personal | £ 6,475 (2) | £ 6,475 | £ 6,035 | £ 5,225 | £ 5,035 | |||||||||||
| Age 65-74 Personal | £ 9,490* | £ 9,490* | £ 9,030* | £ 7,550* | £ 7,280* | |||||||||||
| Married |
N/A |
N/A |
£ 6,535* | £ 6,285* | £ 6,065* | |||||||||||
| Age 75 + Personal | £ 9,640* | £ 9,640* | £ 9,180* | £ 7,690* | £ 7,420* | |||||||||||
| Married | £ 6,965* | £ 6,965* | £ 6,625* | £ 6,365* | £ 6,135* | |||||||||||
| Income_Limit | £22,900+ | £22,900+ | £21,800+ | £20,900+ | £20,100+ | |||||||||||
| (1) | Savings rate is only applicable if taxable earnings, pensions, or other non-savings income do not exceed personal allowances by more than this amount.. | ||
| (2) | For 2010/11 in respect of taxable income over £ 100,000, the allowance reduces down to nil by £1 for each £ 2 of the excess. | ||
| * | Allowances which are restricted to allow 10% Tax Credit. | ||
| + | Income Limits exceeding which above age allowances reduce (down to the basic). |