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Institute of Chartered Accountants

Chartered Tax Advisor

Tax tables
2011/12 Taxable Income

Income

Rate

Dividend

Rate
Starting Savings Rate * 0-2,560 10% 10%
Basic Rate 0-35,000 20% 10%
Higher Rate 35,001-150,000 40% 32.5%
Additional Rate >150,000 50% 42.5%  
 
2010/11 Taxable Income

Income

Rate

Dividend

Rate
Starting Savings Rate * 0-2,440 10% 10%
Basic Rate 0-37,400 20% 10%
Higher Rate 37,401-150,000 40% 32.5%
Additional Rate >150,000 50% 42.5%

* The starting savings rate only applies to savings income. If an individual's taxable non-savings income is above the starting rate limit the 10% starting rate will not apply.

Income Tax Reliefs 2011/12 2010/11
 Personal Allowance - under 65  7,475  6,475
 Personal Allowance - 65-74  9,940  9,490
 Personal Allowance - 75+ 10,090   9,640
(For 2011/12 and 2010/11 reduce PA by £1 for every £2 adjusted net income over £100,000)    
 Married Couple's Allowance (relief 10%) 75+  7,295  6,965
 Married Couple's Allowance (relief 10%) minimum amount  2,800  2,670
 Age Allowance Income Limit - (reduce allowance by £1 for every £2 of adjusted net income over £22,900)  24,000  22,900
Blind Person's Allowance 1,980 1,890

 

 

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