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Tax Rates

Income tax allowances 2010-11 (£) 2009-10 (£)
     
Personal allowance 6,475 6,035

Income tax: taxable bands 2010-11 (£) 2009-10 (£)
     
Starting rate for savings: 10 per cent 0 - 2,440 0 - 2,440
     
Basic rate: 20 per cent 0 - 37,600 0 - 37,600
     
Higher rate: 40 per cent Over 37,401 Over 37,400
     
Additional rate: 50 per cent Over 37,401 - £150,000 N/A

Capital gains tax annual exempt amount: 2009-10 (£) 2008-09 (£)
     
Individuals etc: 10,100 9,600

  2009-10 (£) 2008-09 (£)
     
Inheritance tax threshold 325,000 312,000

National Insurance contributions rates and thresholds  
     
Type 2010-11 (£) 2009 - 10 (£)
     
National Insurance Rate 11% 11%
Lower earnings limit, primary Class 1 £97 per week £95 per week
Upper earnings limit, primary Class 1 £844 per week £844 per week
Primary threshold £110 per week £110 per week
Class 2 rate

£2.40 per week

£2.40 per week

Class 2 small earnings exception

£5,075 per year

£5,075 per year

Class 3 rate

£12.05 per week

£12.05 per week

Class 4 lower profits limit

£5,715 per year

£5,715 per year

Class 4 upper profits limit £43,875 per year £43,875 per year
Class 4 rate 8% of £5,715 to £43,875
per year 1% above £43,875
per year
8% of £5,715 to £43,875
per year 1% above £43,875
per year

 

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