Tax Rates   Income Tax      




 

   

 Income Tax

 

 

Income tax allowances
2004-05 (£)
2005-06 (£)
Personal allowance
4 745
4 895
Personal allowance for people aged 65-74
6 830
7 090
Personal allowance for people aged 75 and over
6 950
7 220
Income limit for age-related allowances
18 900
19 500
Married couple's allowance for people born before 6 April 1935
5 725
5 905
Married couple's allowance - aged 75 or more
5 795
5 975
Minimum amount of married couple's allowance
2 210
2 280
Blind person's allowance
1 560
1 610

 The rate of relief for the continuing married couple's allowance and maintenance relief for people born before 6 April 1935, and for the children's tax credit, is 10%.

 Taxable Bands

Taxable Bands Allowances
2004-05 (£)
2005-06 (£)
Starting rate 10%
0 - 2 020
0 - 2,090
Basic rate 22%
2,021 - 31,400
2,090 - 32,400
Higher rate 40%
Over
31,400
over 32,400

 


 


 

 

   
 
             
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