Income Tax .
..
National Insurance Corporation
Tax ASC Wylie
|
Tax
Rates |
2008/09 |
2009/10 |
||
|
Limits |
Tax Rate |
Limits |
Tax Rate |
|
|
Starting Rate* |
< £ 2,320 |
10% |
< £ 2,440 |
10% |
|
Basic Rate |
< £ 34,800 |
20% |
< £ 37,400 |
22% |
|
Higher Rate |
> £ 34,800 |
40% |
> £ 37,400 |
40% |
Dividend Rate -. 10% Basic Rate:.32.5% Higher Rate Savings
Rate - 20% Basic
Rate: 40% Higher Rate
*Starting
rate applies only to savings income
|
Allowances |
2008/09 |
2009/10 |
||
|
Personal |
Married |
Personal |
Married |
|
|
Basic Allowance |
£6,035 |
£ - |
£ 6,475 |
£ - |
|
Age 65-74 |
£9,030 |
£6,535 |
£ 9,490 |
£ - |
|
Age 75 and over |
£9,180 |
£6,625 |
£ 9,640 |
£ 6,965 |