| TAX
RATES |
2007/08 |
2008/09 |
| Personal
Allowance (age under 65) |
£
5225.00 |
£
5435.00 |
| Personal
Allowance (age 65-74) |
£
7550.00 |
£
9030.00 |
| Personal
Allowance (age 75 and over) |
£
7690.00 |
£
9180.00 |
| Married
couple's allowance (aged less
than 75 and born before 6th April
1935) Married couple's allowance
is given at the rate of 10 % |
£
6285.00 |
£
6535.00 |
| Married
couple's allowance (age 75 and
over) |
£
6365.00 |
£
6625.00 |
| Married
couple allowance - Minimum Amount |
£
2440.00 |
£
2540.00 |
| Income
limit for age-related allowance |
£
20900.00 |
£
21800.00 |
| Blind
person's allowance |
£
1730.00 |
£
1800.00 |
| INCOME
TAX - TAXABLE BANDS |
| Starting
rate : 10% |
0-
£ 2230.00 |
|
| Basic
rate : 22% |
£
2231.00- £34600.00 |
|
| Basic
rate : 20% |
|
0-£
36000.00 |
| Higher
rate : 40% |
over
£ 34600.00 |
over
£ 36000.00 |
There
will be a new 10% starting rate
for savings income only, with
a limit of £2320.00. If
an individual’s taxable
non-savings income is above
this limit then the 10% savings
rate will not be applicable.
There are no changes to the
10% dividend ordinary rate or
the 32.5% dividend upper rate. |
|
|
