| 2005/06 |
2004/05 |
Band
£ |
Rate
% |
Band
£ |
Rate
% |
| 0 - 2,090 |
10 |
0 - 2,020 |
10 |
| 2,091 - 32,400 |
22 * |
2,021 - 31,400 |
22 * |
| Over 32,400 |
40 ** |
Over 31,400 |
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
|
|
2005/06
£ |
2004/05
£ |
| Personal allowance |
- under 65 |
4,895 |
4,745 |
|
- 65 - 74 * |
7,090 |
6,830 |
|
- 75 and over * |
7,220 |
6,950 |
| Married couple's allowance |
- aged less than 75 and born before 6.4.35 * |
5,905 |
5,725 |
|
- 75 and over |
5,795 |
5,795 |
|
- min. amount |
2,280 |
2,210 |
| * Age allowance income limit |
|
19,500 |
18,900 |
(reduce age allowance by £1 for every £2 of excess income over £18,900)
|
| Blind person’s allowance |
|
1,610 |
1,560 |
|
