Personal Tax
- Personal Allowances
- Income Tax Rates
- Personal Pensions
- Tax Exempt Savings
- National Insurance
- Inheritance Tax
- Child Tax Credit
Personal Allowances
- Personal Allowance
- under 65
- aged 65 to 74
- 75 and over
- Blind Person's Allowance
- Married Couple's Allowance
- Married Couple's Allowance min
- Age Allowance Ceiling
- Age Allowance Reduction
- 2010/2011
- £6,475
- £9,490
- £9,640
- £1,890
- £6,965
- £2,670
- £22,900
- 50.00%
- 2009/2010
- £6,475
- £9,490
- £9,640
- £1,890
- £6,965
- £2,670
- £22,900
- 50.00%
Notes
The tax relief on married couple's allowance is at 10% if one of them born pre 6th April 1935.
Income Tax Rates
- Lower Rate Band Savings
- Basic Rate Band max
- Higher Rate Band
- Additional Rate Band
- Starting Rate
- Basic Rate
- on dividend income
- on all other income
- Higher Rate
- on dividend income
- on other
- Additional Rate
- on dividend income
- on other
- Discretionary Trust for the none vulnerable
- on dividend income
- on other
- Standard Rate Band
- 2010/2011
- £2,440
- £37,400
- £112,600
- < £150,000
- 10.00%
- 10.00%
- 20.00%
- 32.50%
- 40.00%
- 42.50%
- 50.00%
- 42.50%
- 50.00%
- £1,000
- 2009/2010
- £2,440
- £37,400
- n/a
- n/a
- 10.00%
- 10.00%
- 20.00%
- 32.50%
- 40.00%
- n/a
- n/a
- 32.50%
- 40.00%
- £1,000
Personal Pensions
- Maximum Contributions
- Personal
- Personal Limit
- Employer
- Annual Allowance
- excess Charge
- Life Time Fund Limit
- Life Time Allowance Charge
- if excess taken as cash
- if excess taken as income
- 2010/2011
- 100% of earnings or £3,600 if greater
- £255,000
- £255,000
- 25.00%
- £1,800,000
- 55.00%
- 25.00%
- 2009/2010
- 100% of earnings or £3,600 if greater
- £245,000
- £245,000
- 25.00%
- £1,720,000
- 55.00%
- 25.00%
Tax Exempt Savings
- I.S.A. - Annual Limits < 50
- I.S.A. - Cash Limits < 50
- I.S.A. - Annual Limits > 50
- I.S.A. - Cash Limits > 50
- 2010/2011
- £10,200
- £5,100
- £10,200
- £5,100
- 2009/2010
- £7,200
- £3,600
- £10,200
- £5,100
National Insurance
- Class 1
- Earnings Limit
- Lower Weekly Limit
- Upper Weekly Limit
- Employee Threshold
- Employer Threshold
- Employee Contributions
- Below Threshold
- Between Thresholds
- Above Threshold
- Employer Contributions
- Above Threshold
- 2010/2011
- £97.00
- £884.00
- £110.00
- £110.00
- 0.00%
- 11.00%
- 1.00%
- 12.80%
- 2009/2010
- £95.00
- £884.00
- £110.00
- £110.00
- 0.00%
- 11.00%
- 1.00%
- 12.80%
Between Lower and Upper thresholds 3.7% reduction for final salary contracted out schemes.
- Class 1a
- On all NI - able benefits
- Class 2 - Self Employed
- Earnings Exemption
- Weekly Flat Rate
- Class 3 - Voluntary
- Class 4 - Self Employed
- Lower Limit
- Upper Limit
- Between Thresholds
- Above Threshold
- 12.80%
- £5,075
- £2.40
- £12.05
- £5,715
- £43,875
- 8.00%
- 1.00%
- 12.80%
- £5,075
- £2.40
- £12.05
- £5,715
- £43,875
- 8.00%
- 1.00%
Inheritance Tax
- Nil Rate Band
- 2010/2011
- £325,000
- 2009/2010
- £325,000
Widow(ers) Nil Rate Band for deaths after 8th October 2007. Increase to £350,000 in 2010/11
- Charge on Death
- Life Time Transfers
- Taper relief on gifts within 7 yrs prior to death
- 0 - 3 years
- 3 - 4 years
- 4 - 5 years
- 5 - 6 years
- 6 - 7 years
- Business Relief
- Let to own Ltd Company
- Agricultural Relief
- Overseas Spouse / Civil Partner Exemption
- Annual Gift Exemption
- Small Gift Exemption
- 40.00%
- 20.00%
- 100.00%
- 80.00%
- 60.00%
- 40.00%
- 20.00%
- 100.00%
- 50.00%
- 50.00%
- £55,000
- £3,000
- £250
- 40.00%
- 20.00%
- 100.00%
- 80.00%
- 60.00%
- 40.00%
- 20.00%
- 100.00%
- 50.00%
- 50.00%
- £55,000
- £3,000
- £250
Child Tax Credit
- Family Element
- Family Element new baby
- Income Limit
- Child Element
- Disabled Child Element
- Severely Disabled Element
- Weekly Child Care Voucher
- 2010/2011
- £545
- £545
- £50,000
- £2,300
- £2,715
- £1,095
- £55
- 2009/2010
- £545
- £545
- £50,000
- £2,235
- £2,670
- £1,075
- £55
Notes
CTC reduces by 6.67% of Income in excess of limit
CTC is provisionally based on prior years income