This Income Tax table reflects announcements made on 6 December 2011.
Income tax allowance
|
2011-12
|
2012-13
|
Personal allowance - age under 65
|
£7,475
|
£8,105
|
Personal allowance - age 65-74
|
£9,940
|
£10,500
|
Personal allowance - age 75 and over
|
£10,090
|
£10,660
|
Married couple’s allowance¹ maximum amount
|
£7,295
|
£7,705
|
Married couple’s allowance minimum amount²
|
£2,800
|
£2,960
|
Income limit for under 65 personal allowance
|
£100,00
|
£100,00
|
Income limit for age-related allowances
|
£24,000
|
£25,400
|
Blind person’s allowance
|
£1,980
|
£2,100
|
¹ Available to people born before April 6 1935. Tax relief for this allowance is restricted to 10%
² This is also the maximum relief for maintenance payments where at least one of the parties is born before 6 April 1935
Rate
|
2012
|
2013
|
Starting rate for savings: 10%*
|
£0-£2,560
|
£0-£2,710
|
Basic rate: 20%
|
£0-£35,000
|
£0-£34,370
|
Higher rate: 40%
|
£35,001-£150,000
|
£34,371-£150,000
|
Additional rate: 50%
|
Over £150,000
|
Over £150,000
|
* The 10 per cent starting rate applies to savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.
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