| 2004/05 |
2003/04 |
Band
£ |
Rate
% |
Band
£ |
Rate
% |
| 0 - 2,020 |
10 |
0 - 1,960 |
10 |
| 2,021 - 31,400 |
22 * |
1,961 - 30,500 |
22 * |
| Over 31,400 |
40 ** |
Over 30,500 |
40 ** |
* Except dividends (10%) and savings income (20%).
** Except dividends (32.5%).
Other income taxed first, then savings income and finally dividends. |
Income Tax Reliefs
|
|
2004/05
£ |
2003/04
£ |
| Personal allowance |
- under 65 |
4,745 |
4,615 |
|
- 65 - 74 * |
6,830 |
6,610 |
|
- 75 and over * |
6,950 |
6,720 |
| Married couple's allowance |
- aged less than 75 and born before 6.4.35 * |
5,725 |
5,565 |
|
- 75 and over |
5,795 |
5,635 |
|
- min. amount |
2,210 |
2,150 |
| * Age allowance income limit |
|
18,900 |
18,300 |
(reduce age allowance by £1 for every £2 of excess income over £18,900)
|
| Blind person’s allowance |
|
1,560 |
1,510 |
|
