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INCOME TAX RATES

Tax Rates	2013/14		2012/13
	Limits	Tax Rate	Limits	Tax Rate
Starting Rate*	< £ 2,790	10%	< £ 2,710	10%
Basic Rate	< £ 32,010	20%	< £34,370	20%
Higher Rate	< £ 150,000	40%	< £ 150,000	40%
Super Rate	> £ 150,000	45%	> £ 150,000	50%
Dividend Rate – 2013/14 - 10% Basic Rate: 32.5% & 37.5% Higher Rates 2012/13 - 10% Basic Rate: 32.5% & 42.5% Higher Rates *Starting rate applies only to savings income
Allowances	2013/14		2012/13
	Personal	Married	Personal	Married
Basic Allowance **	£ 9,440	£ -	£ 8,105	£ -
Age 65-74	£ 10,500	£ -	£ 10,500	£ -
Age 75 and over	£ 10,660	£ 7,915	£ 10,660	£ 7,705
Personal Allowance Income Limit	£ 100,000		£ 100,000
Age Allowance Income Limit	£ 26,100		£ 25,400
**Personal Allowance reduced by £1 for every £2 of income over £100,000 [2012/13 - £100,000]

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