The Budget Menu
- Introduction
- Income Tax Rates
- Income Tax Reliefs
- Tax Credits
- Pension Premiums
- Car, Van and Fuel Benefits 2012/13
- Mileage Allowance Payments
- Individual Savings Accounts (ISAs)
- Corporation Tax
- Capital Allowances
- Value Added Tax
- Capital Gains Tax
- Inheritance Tax
- Stamp Duty & Stamp Duty Land Tax
- National Insurance
- Main Social Security Benefits
- Self Assessment: Key Dates 2012/13
- Disclaimer
Income Tax Reliefs
2012/13 |
2011/12 |
||
| Personal allowance | - under 65 | 8,105 | 7,475 |
| - 65 - 74* | 10,500 | 9,940 | |
| - 75 and over* | 10,660 | 10,090 | |
| (Reduce personal allowance by £1 for every £2 of adjusted net income over £100,000.) | |||
| Married couple's allowance (relief at 10%)* (Either partner 75 or over and born before 6 April 1935.) |
7,705 | 7,295 | |
| - min. amount | 2,960 | 2,800 | |
| * Age allowance income limit (Reduce age allowance by £1 for every £2 of adjusted net income over £25,400 (£24,000).) |
25,400 | 24,000 | |
| Blind person’s allowance | 2,100 | 1,980 | |