Tax Rates & Allowances - Main Income Tax Reliefs
Main Income Tax reliefs
| Allowed at top rate of tax |
2011/12 |
2010/11 |
| Personal Allowance |
£7,475 |
£6,475 |
| Personal Allowance (65-74)* |
9,940 |
9,490 |
| Personal Allowance (75 and over)* |
10,090 |
9,640 |
| Blind Person's Allowance |
1,980 |
1,890 |
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| Personal allowances in 2011/12 are withdrawn at £1 for every £2 by which total income exceeds £100,000. |
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| Allowed only at 10% |
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Married Couple's Allowance*
(only available if born before 6th April 1935) |
7,295 |
6,965 |
| Income limit for age-related allowances |
24,000 |
22,900 |
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* Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,800 (2010/11: £2,670).
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Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.
Offices at King's Lynn and Downham Market. Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Mapus-Smith & Lemmon LLP is a registered limited liability partnership.
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