|
|
2006-07 (£)
|
2007-08 (£)
|
|
Personal allowance |
5,035 |
5,225 |
|
Personal allowance for people aged 65-74
|
7,280 |
7,550 |
|
Personal allowance for people aged 75 and over |
7,420 |
7,690 |
|
Income limit for age-related allowances
|
20,100 |
20,100 |
|
Married couple's allowance * (aged less than 75 are born before 6th April 1935)
|
6,065 |
6,285 |
|
Married couple's allowance - aged 75 and over
|
6,135 |
6,365 |
|
Minimum amount of married couple's allowance
|
2,350 |
2,440 |
|
Blind person's allowance
|
1,660 |
1,730 |
Tax relief for the married couple's allowance is given at the rate of 10 per cent.
|
Taxable Bands Allowances
|
2006-07 (£) |
2007-08 (£)
|
|
Starting rate 10%
|
0 - 2,150 |
0 - 2,230
|
|
Basic rate 22%
|
2,151 - 33,300 |
2,231 - 34,600 |
|
Higher rate 40%
|
over 33,300 |
over 34,600 |