Income
Tax
|
Tax Rates |
2010/11 |
2011/12 |
||
|
Limits |
Tax Rate |
Limits |
Tax Rate |
|
|
Starting
Rate* |
< £ 2,440 |
10% |
< £
2,560 |
10% |
|
Basic Rate |
< £ 37,400 |
20% |
< £ 35,000 |
22% |
|
Higher Rate |
< £ 150,000 |
40% |
< £ 150,000 |
40% |
|
Super Rate |
> £ 150,000 |
50% |
> £ 150,000 |
50% |
Dividend Rate -. 10%
Basic Rate:.32.5%
& 42.5% Higher Rates
*Starting
rate applies only to savings income
|
Allowances |
2010/11 |
2011/12 |
||
|
Personal |
Married |
Personal |
Married |
|
|
Basic Allowance |
£ 6,475 |
£ - |
£ 7,475 |
£ - |
|
Age 65-74 |
£ 9,490 |
£ - |
£ 9,940 |
£ - |
|
Age 75 and
over |
£ 9,640 |
£ 6,965 |
£ 10,090 |
£ 7,295 |
|
Personal
Allowance Income Limit |
£ 100,000 |
|
£ 100,000 |
|
|
Age
Allowance Income Limit |
£ 24,000 |
|
£ 24,000 |
|