SLATERS CHARTERED ACCOUNTANTS

162A London Road
 Chesterton
Newcastle Under Lyme
Staffordshire
ST5 7JB
Tel: 01782 566101 Fax: 01782 566090

Tax Rates

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Capital Allowances      

 

Personal Allowances

 

2008/09
£
2007/08
£
Personal allowance - under 65
5,435
5,225
- 65 - 74*
9,030
7,550
- 75 and over*
9,180
7,690
Married couple's allowance (relief at 10%)

- aged less than 75 and born before 6.4.35*
6,535
6,285
- 75 and over*
6,625
6,365
- min. amount
2,540
2,440
* Age allowance income limit
21,800
20,900
(Reduce age allowance by £1 for every £2 of excess income over £21,800.)
Blind person’s allowance
1,800
1,730
(1) - These allowances reduce where the income is above the income limit by £1 for every £2 of income above the limit. They will never be less than the basic Personal allowance or minimum amount of Married Couple’s allowance.
(2) - Tax relief for the Married Couple's allowance is given at the rate of 10 per cent.
 
Taxable Bands table

Taxable Bands Allowances

2008-09 (£)

2007-08 (£)

Starting rate 10%

0 - 2,230*

0 - 2,230

Basic rate 20%

2,231 - 36,000**

2,231 - 34,600** - 22%

Higher rate 40%

over 36,300***

over 34,600***
* Only applicable to dividends and savings income.
** Except dividends (10%) and, in 2007/08, savings income (20%).
*** Except dividends (32.5%).
Other income taxed first, then savings income and finally dividends.


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