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Tax Tables - Income Taxes

 

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Income Tax Rates and Bands

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Personal Allowances

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Pensions Cap and Pensions Credit

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Child Tax Credit

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Working Tax Credit

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Disabled Tax Allowance

 

Return to Tax Tables Index

 

Income Tax:

2004/05 ()

2003-04 ()

2002/03 ()

Starting rate

Starting rate band

 

Basic rate

Basic rate band

 

Higher rate

Higher rate band   

 

10%

0-2,020

 

22%

2,021-31,400

 

40%

>31,400

10%

0-1,960

 

22%

1,961-30,500

 

40%

>30,500  

10%

0-1,920

 

22%

1,921-29,900

 

40%

>29,900

Tax on Dividend income:  

   Basics Rate taxpayers

   Higher Rate taxpayers  

 

 

10%

32.5%  

 

10%

32.5%  

 

10%

32.5%  

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Personal Tax Allowances:

2004/05 ()

2003-04 ()

2002/03 ()

Personal Allowance:

  Standard Allowance

  People 65 - 74

  People over 75 or more

  Income Limit for age

    related allowances  

 

 

Married Couples Allowance

  Standard

  People born before 6/4/35

  People aged 75 or more

  Minimum Amount of

    Married Couples  

   Allowance

 

 

 Blind Persons Allowance

 

 

4,745

6,830

6,950

 18,900  

 

 

   

  

Nil

5,725*

 5,795*

2,210*

 

 * Relief given at 10%

 

1,560  

 

 

4,615

6,610

6,720

 18,300

   

 

   

  

Nil

5,565*

 5,635*

2,150*

 

 * Relief given at 10%

 

1,510

 

 

4,615

6,100

6,370

 17,900

 

 

   

  

Nil

5,465*

 5,535*

2,110*

 

* Relief given at 10%

 

1,480

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Pensions:

2004/05 ()

2003-04 ()

2002/03 ()

Earnings Cap

102,000

99,000

97,200

Pensions Credit

 

 

 New in 2003/04 for low

 income pensioners

 N/a

 

   

 

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Tax Credits: 

2004/05 ()

2003-04 ()

2002/03 ()

Children's Tax credit

  Standard rate

  Baby Rate

 

 Child's Tax Credit

 

 

 

 

 

 

 

N/a

 N/a

 

Up by 3.50 per child for low income families 

 

 

Replaced by the 

Child's Tax Credit

 

New in 2003/04.

This claim must be made  promptly - it can only be

 back-dated 3 months.

click here for more

 information

   

 

5,290*

10,490*

 

N/a

 

 

 

 

 

 

 

 

Working Families Tax

     Credit

 

 

Working Tax credit

 

Replaced by the 

Working Tax Credit 

 

 

New in 2003/04.

This claim must be made  promptly - it can only be

 back-dated 3 months.

click here for more

 information

 

Information not available

 on this site

 

N/a

 

Disabled Person's Tax

     Credit

 

click here for separate

 page

 

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