Doyle & Co Accountants
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Income Tax Rates & Allowances

 

Personal Allowance 2013/2014  £9440 2012/2013  £8105
Income Limit 100,000 100,000
Born after 05.04.1938 but before 06.04.1948 10,500
Born before 06.04.1938 10,660
Aged 65-74 10,500
Aged 75 and over 10,660
Age Allowance income limit 26,100 25,400
Married couples allowance (also for civil partners)Either partner born before 06.04.1935 7915 7705
Blind Allowance 2160 2100

 

Income Tax Rates & Thresholds

Basic rate band 20% 0 – £32,010
Higher rate 40% £32,011 – £150,000
Additional rate 45% Over £150,000
Savings starting rate 10% £2790
Dividends starting rate 10%Dividends higher rate 32.5%Dividends additional rate 37.5% The dividend rates are applied to the dividend grossed up by a tax   credit of 1/9