Budget 2011 – Annual tax rates and allowances

Personal Allowances

  2010/2011 (£) 2009/2010 (£)
Personal  
Age under 65 7,475 6,475
Age 65-74 9,940 9,490
Age 75 and over 10,090 9,640
Married couple’s23  
Age 75 and over 7, 295 6, 965
Age allowance income limit for full relief4 24,000 22,900
Blind person’s 5 1,980 1,890

1 Personal allowance reduced by £1 for every £2 of income over £100,000 until completely removed.
2 Relief is restricted to 10%.
3 Part or the full amount of the allowance may be transferred to the spouse (wife for marriages pre 5 December 2005) or civil partner.
4 Personal allowance for age 65 and over reduced by £1 for every £2 income in excess of limit until basic personal allowance of £7,475 (£6,475 in 2010/2011) is reached. Married couple’s allowance reduced by £1 for every £2 income in excess of limit until minimum allowance of £2,800 (£2,670 2010/2011) is reached.
5 Any surplus can be transferred to the spouse or civil partner.

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