Main Personal Allowances and Reliefs


  2010/11 2009/10
Personal (basic) £6,475 £6,475
Personal allowance reduced by 50% of income over
£100,000 N/A
Personal (65-74) £9,490 £9,490
Personal (75 & over) £9,640 £9,640
Married couples/civil partners (minimum) at 10%* £2,670 £2,670
Married couples/civil partners (75+) at 10% £6,965 £6,965
Age-related reliefs reduced by 50% of income over £22,900 £22,900
Blind person's allowance
£1,890 £1,890
Rent-a-room tax-free income £4,250 £4,250
Venture capital trust (VCT) at 30% £200,000 £200,000
Enterprise investment scheme (EIS) at 20% £500,000 £500,000
EIS eligible for capital gains tax re-investment relief No limit
  
*Where at least one spouse/civil partner was born before 6 April 1935
   
Non-domicile remittance basis charge: for adult non-UK domiciliary after UK residence in at least 7 of the previous 9 tax years £30,000 £30,000

 


© 22 June 2010. For general information only. Subject to the Finance Act 2010. It is recommended you seek competent professional advice before acting.

Last Updated 

The FSA does not regulate taxation advice.

Levels, bases of and reliefs from taxation may be subject to change.