| 2007/08 |
2006/07 |
Band
£ |
Rate
% |
Band
£ |
Rate
% |
| 0 - 2,230 |
10 |
0 - 2,150 |
10 |
| 2,231 - 34,600 |
22 * |
2,151 - 33,300 |
22 * |
| Over 34,600 |
40 ** |
Over 33,300 |
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
|
|
2007/08
£ |
2006/07
£ |
| Personal allowance |
- under 65 |
5,225 |
5,035 |
|
- 65 - 74 * |
7,550 |
7,280 |
|
- 75 and over * |
7,690 |
7,420 |
| Married couple's / Civil Partnership's allowance |
- aged less than 75 and born before 6.4.35 * |
6,285 |
6,065 |
|
- 75 and over |
6,365 |
6,135 |
| * Age allowance income limit |
|
20,900 |
20,100 |
(reduce age allowance by £1 for every £2 of excess income over £20,100)
|
| Blind person’s allowance |
|
1,730 |
1,660 |
| Rent a room tax free income |
|
4,250 |
4,250 |
|
