Home Page Link for Malcolm J. Greer - Chartered Certified Accountant and Registered Auditor. Regulated for a range of Investment Business Activities by the Association of Chartered Certified Accountants.
Income Tax Allowances
Income Tax Rates
National Insurance Contributions
Individual Savings Accounts
Capital Gains Tax
Corporation Tax
Car Benefit
Car Fuel Benefit
Tax-Free Mileage Allowances
Inheritance Tax
Stamp Taxes
Value Added Tax
Capital Allowances
Tax Credits
Registered Pension Schemes
Venture Capital Schemes
Research & Development Relief
 
 
 

Income Tax Allowances

  2011/12 2010/11
Personal Allowance £ £
general 7,475 6,475
aged 65 to 74 in tax year  9,940 9,490
aged 75 or over in tax year 10.090 9,640
age allowance income limit 24,000 22,900
minimum where income exceeds limit (subject to general income limit) 7,475 6,475
 
Married couple's Allowance1 (reief at 10%)
either partner aged 75 or over in year of assessment 7,295 6,965
age allowance income limit 24,000 22,900
minimum where income exceeds limit 2,800 2,670
 
Blind person's allowance 1,980 1,890

1Available for civil partners.

 

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© Malcolm J. Greer
3 Jesse Terrace, Reading, Berkshire, RG1 7RS
Tel: 01189 588535 ~ Fax: 01189 588535
Email: mjg@hi-nrg.co.uk