|
|
| Income tax allowances |
2004-05 (£)
|
2005-06 (£)
|
|
Personal allowance
|
4 745
|
4
895
|
| Personal allowance for people aged 65-74 |
6 830
|
7 090
|
| Personal allowance for people aged 75 and over |
6 950
|
7 220
|
|
Income limit for age-related allowances
|
18 900 |
19 500
|
|
Married couple's allowance for people born before 6 April
1935
|
5 725 |
5 905
|
| Married couple's allowance - aged 75 or more |
5 795
|
5 975
|
| Minimum amount of married couple's allowance |
2 210
|
2 280
|
|
Blind person's allowance
|
1 560 |
1 610
|
|
The rate of relief for the continuing married couple's
allowance and maintenance relief for people born before 6 April 1935,
and for the children's tax credit, is 10%.
|
Taxable bands 2004-05(£)
|
Taxable bands 2005-06(£)
|
|
Starting rate 10%
|
0 -
2 020 |
Starting rate 10%
|
0 - 2,090 |
|
Basic rate 22%
|
2 021 - 31 400 |
Basic rate 22%
|
2,090 - 32,400 |
|
Higher rate 40%
|
Over 31 400 |
Higher rate 40%
|
over 32,400 |
|
|
