Tax rates and allowances (2008/2009-2010/2011)
| Tax rates & allowances 2008/2009 - 2010/2011 |
| |
2008/2009 |
2009/2010 |
2010/2011 |
| |
£ |
£ |
£ |
| Income tax |
|
| Personal allowance |
6,035 |
6,475 |
6,475 |
| Savings rate - 10% |
2,320 |
2,440 |
2,440 |
| Basic rate - 20% |
34,800 |
37,400 |
37,400 |
| Higher rate - 40% |
34,800 |
37,400 |
37,400 |
| Additional rate - 50% |
- |
- |
150,000 |
| Capital Gains Tax |
| Annual exemption: |
| Individuals |
9,600 |
10,100 |
10,100 |
| Trusts |
4,800 |
5,050 |
5,050 |
| Inheritance Tax |
| Nil Rate Band Threshold |
312,000 |
325,000 |
325,000 |
| Pensioners, etc. |
| Age allowance: 65 --74 |
9,030 |
9,490 |
9,490 |
| Age allowance: 75 & over |
9,180 |
9,640 |
9,640 |
| MCA: born before 6/4/35 |
6,535 |
- |
- |
| MCA: 75 & over |
6,625 |
6,965 |
6,965 |
| MCA minimum |
2,540 |
2,670 |
2,670 |
| Income limit |
21,800 |
22,900 |
22,900 |
| Blind Person's Allowance |
1,800 |
1,890 |
1,890 |
|
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