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Income Tax Tables 2010/11

Tax rates		Note	2010/11	2009/10
10% Starting rate band on savings income up to		5	£2,440	£2,440
20% Basic rate band on income up to			£37,400	£37,400
40% Higher rate on income from £37,400 up to			£150,000	no limit
50% Additional rate tax on income above			£150,000	N/A
Dividend rate for basic rate taxpayers			10%	10%
Dividend rate for higher rate taxpayers			32.5%	32.5%
Dividend rate for additional rate taxpayers			42.5%	N/A
Trusts
For interest in possession trusts on all income, and other trusts on the first £1,000 of income ("standard rate band"):
Dividend ordinary rate		4	10%	10%
Other income		4	20%	20%
Income of other trusts above £1,000 is taxed at the special trust rates:
Rate applicable to trusts			50%	40%
Dividend trust rate			42.5%	32.5%
Allowances that reduce taxable income
Personal allowance (PA)	Under 65	1	£6,475	£6,475
Personal allowance reduced by 50% of income over			£100,000	N/A
	65 to 74	1,3	£9,490	£9,490
	75 and over	1,3	£9,640	£9,640
	Minimum		£6,475	£6,475
	Blind person's allowance		£1,890	£1,890
Allowances that reduce tax
Married couple's allowance (MCA)
Tax reduction	75 and over	1,2,3	£696.50	£696.50
	Minimum		£267	£267
The age-related allowances are progressively withdrawn if income exceeds			£22,900	£22,900

1. Ages are as the end of the tax year. Ages for the MCA relate to the elder of spouse or civil partner
2. MCA is available only to those couples where at least one spouse or civil partner was born before 6 April 1935.
3. The higher rates of personal allowances are reduced by £1 for each £2 of excess income over £22,900 until the basic allowance is reached. Similar limits apply to the married couple's allowance: the loss of tax reduction is 10p for each £2 of excess income until the minimum of £267 is reached. (For couples married before 5 December 2005, only the husband's income is taken into account. For those married on or after 5 December 2005 or in a civil partnership, only the higher earner’s income is taken into account).
4. Where there are several trusts created by the same settlor, the "standard rate band" is divided equally between them, subject to a minimum band of £200 for each trust.
5. Not available if taxable non-savings income exceeds the starting rate band.

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