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2010/11 Tax Rates
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2008-09
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2009-10
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2010-11
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Personal Tax Allowances:
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£
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£
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£
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General
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6,035
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6,475
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6,475
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Income limit for personal allowance
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N/A
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N/A
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*100,000
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Aged 65-74
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9,030
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9,490
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~9,490
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Aged 75 and over
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9,180
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9,640
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~9,640
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Age allowance income limit
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21,800
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22,900
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22,900
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Minimum where income exceeds limit
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6,035
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6,475
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~N/A
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Married couple's allowance:
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Either partner born prior to 6 April 1935 but aged less than 75
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**6,535
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N/A
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N/A
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Either partner aged 75 or over
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**6,625
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**6,965
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**6,965
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Age allowance income limit
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21,800
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22,900
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22,900
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Minimum where income exceeds limit
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**2,540
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**2,670
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**2,670
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Blind person's allowance
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1,800
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1,890
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1,890
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* From 2010-11 the Personal Allowance reduces where the income is above £100,000 by £1 for every £2 of income above the £100,000 limit. This applies irrespective of age.
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** These allowances attract relief at only 10%
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~ These allowances reduce where the income is above the income limit of £100,000 by £1 for every £2 of income above the limit. For the 2008/09 and 2009/10 tax years they will never be less than the basic Personal Allowance or minimum amount of Married Couple's Allowance. However, as from the 2010/11 tax year the Personal Allowance for people aged 65 to 74 and 75 and over can be reduced below the basic Personal Allowance where the income is above £100,000.
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All articles on this website are the author's interpretation of the law, and no
liability whatsoever can be accepted for the use of this information. For individual
advice relating to the viewer's circumstances, professional legal or accountancy
advice should always be sought.
John Savage Accountancy, 16 Walsingham Place, Truro, Cornwall TR1 2RP Tel: 01872 271947
The firm is supervised under the Money Laundering Regulations 2007 by the Institute
of Financial Accountants.
Professional Indemnity Insurance is underwritten by Hiscox Insurance Company Ltd,
Hiscox House, Sheepen Place, Colchester, Essex CO3 3XL.
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