Arthur Franklin

Personal taxation: 2011/12

Personal allowance age 64 or under7,475
Personal allowance age 65-749,940
Personal allowance age 75 or over10,090
 
Married Couple's allowance (born before 06Apr35)7,295 at 10%
Married couple's allowance minimum amount2,800 at 10%
 
Age allowance income threshold22,900
Age allowance restriction50% of income above threshold
 
Basic rate (up to 35,000)20%
Higher rate (35,001 to 150,000)40%
Additional rate (150,001 and over)50%
 
Rate on non-dividend savings income10% up to £2,560 then 20% up to basic rate limit then 40% up to higher rate limit and then 50%
 
Rate on dividend savings income10% up to basic rate limit then 32.5% up to higher rate limit and then 42.5%


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