Income tax rates and allowances

Income Tax allowances table
Income Tax allowances	2011-12	2012-13	2013-14
Personal Allowance (1)	£7,475	£8,105	£9,205
Income limit for Personal Allowance	£100,000	£100,000	£100,000
Personal Allowance for people aged 65-74 (1)(2)	£9,490	£9,940	£10,500
Personal Allowance for people aged 75 and over (1)(2)	£9,640	£10,090	£10,660
Married Couple's Allowance (born before 6th April 1935 and aged 75 and over) (2) (3)	£6,965	£7,295	£7,705
Income limit for age-related allowances	£22,900	£24,000	£25,400
Minimum amount of Married Couple's Allowance	£2,670	£2,800	£2,960
Blind Person's Allowance	£1,890	£1,980	£2,100

From the 2010-11 tax year the Personal Allowance reduces where the income is above £100, 000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age.
These allowances reduce where the income is above the income limit for age-related allowances by £1 for every £2 of income above the limit. For the 2010-11 tax year the Personal Allowance for people aged 65 to 74 and 75 and over can be reduced below the basic Personal Allowance where the income is above £100,000.
Tax relief for the Married Couple's Allowance is given at the rate of 10 per cent.

Income Tax rates and taxable bands

Income Tax rates and taxable bands
Rate	2010-11	2011-12	2012-13
Starting rate for savings: 10%*	£0-£2,440	£0-£2,560	£0-£2,710
Basic rate: 20%	£0-£37,400	£0-£35,000	£0-£34,370
Higher rate: 40%	£37,401-£150,000	£35,001-£150,000	£34,371-£150,000
Additional rate: 50%	Over £150,000	Over £150,000	Over £150,000

* The 10 per cent starting rate applies to savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.

The rates available for dividends are the 10 per cent ordinary rate, the 32.5 per cent dividend upper rate and the dividend additional rate of 42.5 per cent.