Monday 19 April 2010

And tax...zzzz

Income Tax personal and age-related allowances

All personal and age-related Income Tax allowances are to be frozen in 2010-11.
Allowances
2009-10
Change
2010-11
Personal allowance (age under 65)
£6,475
-
£6,475
Personal allowance (age 65-74)
£9,490
-
£9,490
Personal allowance (age 75 and over)
£9,640
-
£9,640
Married couple's allowance* (age 75 and over)
£6,965
-
£6,965
Married couple's allowance* - minimum amount
£2,670
-
£2,670
Income limit for age-related allowances
£22,900
-
£22,900
Blind person’s allowance
£1,890
-
£1,890
* Married couple's allowance is given at the rate of 10 per cent.

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