Income Tax rates and allowances

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Income Tax allowances table 2013 - 14 and 2014 - 15

Income Tax allowances

2013-14

2014-15

Personal Allowance (1)

N/A

N/A

Personal Allowance for people born after 5 April 1948 (1)

£9,440

£10,000

Income limit for Personal Allowance

£100,000

£100,000

Personal Allowance for people aged 65-74 (1)(2)

N/A

N/A

Personal Allowance for people born between 6 April 1938 and 5 April 1948 (1) (2)

£10,500

£10,500

Personal Allowance for people aged 75 and over (1)(2)

N/A

N/A

Personal Allowance for people before 6 April 1938 (1) (2)

£10,660

£10,660

Maximum amount of Married Couple's Allowance (born before 6th April 1935) (2) (3)

£7,915

£8,165

Income limit for age-related allowances

N/A

N/A

Income limit for the allowances for those born before 6 April 1948

£26,100

£27,000

Minimum amount of Married Couple's Allowance

£3,040

£3,140

Blind Person's Allowance

£2,160

£2,230

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Income Tax allowances for 2011 - 12 and 2012 - 13

Income Tax allowances

2011-12

2012-13

Personal Allowance (1)

£7,475

£8,105

Personal Allowance for people born after 5 April 1948 (1)

N/A

N/A

Income limit for Personal Allowance

£100,000

£100,000

Personal Allowance for people aged 65-74 (1)(2)

£9,940

£10,500

Personal Allowance for people born between 6 April 1938 and 5 April 1948 (1) (2)

N/A

N/A

Personal Allowance for people aged 75 and over (1)(2)

£10,090

£10,660

Personal Allowance for people before 6 April 1938 (1) (2)

N/A

N/A

Maximum amount of Married Couple's Allowance (aged 75 and over) (2) (3)

£7,295

£7,705

Income limit for age-related allowances

£24,000

£25,400

Income limit for the allowances for those born before 6 April 1948

N/A

N/A

Minimum amount of Married Couple's Allowance

£2,800

£2,960

Blind Person's Allowance

£1,980

£2,100

  1. The Personal Allowance reduces where the income is above £100,000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age or date of birth.
  2. These allowances reduce where the income is above the income limit by £1 for every £2 of income above the limit. This applies until the level of the personal allowance for those aged under 65, or from 2013-14, for those born after 5 April 1948, is reached. For married couples allowance this applies until it reaches the minimum amount
  3. Tax relief for the Married Couple's Allowance is given at the rate of 10 per cent.

Income Tax rates, allowances and tax bands for 2008-09 to 2010-11 (Opens new window)

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Income Tax rates and taxable bands

Income Tax rates and taxable bands 2013 - 14 and 2014 - 15

Rate

2013-14

2014-15

Starting rate for savings: 10%*

£0 - £2,790

£0 - £2,880

Basic rate: 20%

£0 - £32,010

£0 - £31,865

Higher rate: 40%

£32,011 - £150,000

£31,866 - £150,000

Additional rate: 50%

N/A

N/A

Additional rate: 45% from 6 April 2013

Over £150,000

Over £150,000

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Income Tax rates and taxable bands 2011 - 12 and 2012 - 13

Rate

2011-12

2012-13

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

Additional rate: 45% from 6 April 2013

N/A

N/A

* The 10 per cent starting rate applies to savings income only. If, after deducting your Personal Allowance from your total income liable to Income Tax, your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply. Non-savings income includes income from employment, profits from self-employment, pensions, income from property and taxable benefits.

The rates available for dividends are the 10 per cent ordinary rate, the 32.5 per cent dividend upper rate and the dividend additional rate of 42.5 per cent (the dividend additional rate is 37.5 per cent from 2013-14).

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More useful links

Find out more about Personal Allowance

Find out more about Income Tax

Introduction to tax allowances and reliefs

Taxable and non-taxable income at a glance

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