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Tax and NICO information from the 'Coop' - Page 1 of 3

 
   
Tax Year
     
2007/08
2008/09
2009/10
Income Tax % Rates        
  Lower rate  
10% up to £2,230
(Band Removed)
(Band Removed)
  Basic rate  
22% over £2,230
up to £34,600
20% up to
£34,800
20% up to
£37,400
  Higher rate (Above Basic Range)  
40% for over £34,600
40% for over £34,800
40% for over £37,400
  Dividends for Basic Rate Taxpayers  
10%
10%
  Dividends for Higher Rate Taxpayers  
32.5%
32.5%
 
Income Tax Allowances
  Under 65  
£5,225
£6,035
£6,475
  65 to 74  
£7,550
£9,030
£9,490
  75 and over  
£7,690
£9,180
£9,640
  Married Couples (75 and Over) at 10%  
£6,365
£6,625
£6,965
  Married Couples (born before 6/4/35
and age under 75)		  
£6,285
£6,535
N/A
  Married Couples Min  
£2,440
£2,540
£2,670
  Income Limit for Age Related Allowances  
£20,900
£21,800
£22,900
       
         
Capital Allowances **New**
  Annual Investment Allowance for first £50,000  
N/A
100%
(missing)
         
Capital Gains Tax - Annual Exempt Amount
  Individuals (at 18%)  
£9,200
£9,600
£10,100
       
 

 

 

Note: This information was correct at the time of publishing. If you notice any inaccuracies please let us know immediately so they can be rectified. Many thanks.


 
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