UK Tax Tables
Income tax, capital gains tax, and inheritance tax rates and allowances
| per year 1 | 2010-11 | 2011-12 |
| Income tax personal and age-related allowances 2 | ||
| Personal allowance (age under 65) | £6,475 | £7,475 |
| Personal allowance (age 65-74) | £9,490 | £9,940 |
| Personal allowance (age 75 and over) | £9,640 | £10,090 |
| Married couple's allowance * (age 75 and over) | £6,965 | £7,295 |
| Married couple's allowance * - minimum amount | £2,670 | £2,800 |
| Income limit for age-related allowances | £22,900 | £24,000 |
| Blind person’s allowance | £1,890 | £1,980 |
| Capital gains tax annual exempt amount | ||
| Individuals etc. | £10,100 | £10,600 |
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1 The income tax year is 6 April to 5 April. 2 The personal allowance reduces for income over £100,000 at a rate of £1 of allowance lost for every £2 over £100,000 until it is completely removed. The reduction applies irrespective of age. * Married couple's allowance is given at the rate of 10%. |
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Income tax: Taxable bands
| 2010-11 | 2011-12 | |
| Savings starting rate*: 10% | 0 - £2,440 | 0 - £2,560 |
| Basic rate: 20% | 0 - £37,400 | 0 - £35,000 |
| Higher rate: 40% | £37,401 - £150,000 | £35,001 - £150,000 |
| Additional rate : 50% | Over £150,000 | Over £150,000 |
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* only available if non savings income is less than this amount. |
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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. |
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Corporation tax on profits
| per year 1 | 2010-11 | 2011-12 |
| £0-£300,000 | 21% | 20% |
| £300,001 - £1,500,000 | Marginal rate | Marginal rate |
| £1,500,001 or more | 28% | 26% |
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1 The corporation tax year is 1 April to 31 March. |
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National insurance contributions
| per week (unless stated) | 2010-11 | 2011-12 |
| Lower earnings limit, primary Class 1 | £97 | £102 |
| Upper earnings limit, primary Class 1 | £844 | £817 |
| Upper Accruals point | £770 | £770 |
| Primary threshold | £110 | £139 |
| Secondary threshold | £110 | £116 |
| Employees’ primary Class 1 rate between primary threshold and upper earnings limit | 11% | 12% |
| Employees’ primary Class 1 rate above upper earnings limit | 1% | 2% |
| Employees’ contracted-out rebate | 1.6% | 1.6% |
| Married women’s reduced rate between primary threshold and upper earnings limit | 4.85% | 5.85% |
| Married women’s rate above upper earnings limit | 1% | 2% |
| Employers’ secondary Class 1 rate above secondary threshold | 12.8% | 13.8% |
| Employers’ contracted-out rebate, salary-related schemes | 3.7% | 3.7% |
| Employers’ contracted-out rebate, money-purchase schemes | 1.4% | 1.4% |
| Class 1A rate on employer provided benefits | 12.8% | 13.8% |
| Class 2 rate | £2.40 | £2.50 |
| Class 2 small earnings exception (per year) 1 | £5,075 | £5,315 |
| Special Class 2 rate for share fishermen | £3.05 | £3.15 |
| Special Class 2 rate for volunteer development workers | £4.85 | £5.10 |
| Class 3 rate (per week) | £12.05 | £12.60 |
| Class 4 lower profits limit (per year) | £5,715 | £7,225 |
| Class 4 upper profits limit (per year) | £43,875 | £42,475 |
| Class 4 rate between lower profits limit and upper profits limit | 8% | 9% |
| Class 4 rate above upper profits limit | 1% | 2% |
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1 Those with profits less than, or expected to be less than, the level of the Small Earnings Exception may apply for exemption from paying Class 2 contributions. Class 1A NICs are payable in July and are calculated on the value of taxable benefits provided in the previous tax year, using the Class 1A percentage rate appropriate to that tax year. |
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