Tax Tables

 Table a
Allowances and Reliefs
  2011/12 2010/11
Allowed at top rate of tax    
Personal Allowance £7,475 £6,475
Personal Allowance (65-74)* 9,490 9,490
Personal Allowance (75 and over)* 10090 9,640
Blind Person's Allowance 1,980 1,890
 
Allowed only at 10%    
Married Couple's Allowance (75 and over)*+ 7,295 6,965
Income Limit for age-related allowances 24,000 22,900
 
+ only available if born before 6th April 1935.
* Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,800 (2010/11: £2,670).
Personal allowances will be withdrawn at £1 for every £2 by which total income exceeds £100,000. There will therefore be no allowances if income is £114,950 or more (2010/11: £112,950).
 
Bands 2011/12 2010/11
Starting (within basic rate band)* £2,560 £2,440
Basic 35,000 37,400
Higher 35,001 - 150,000 37,401 - 150,000
Additional over 150,000 over 150,000
* There is a 10% starting rate for savings income only. If general taxable income exceeds the starting rate limit, the 10% rate is not available for savings income.
 
Rates differ for General, Savings and Dividend income within each band:
Rates 2011/12
2010/11
  G S D
G S D
Starting N/A 10% 10%
N/A 10% 10%
Basic 20% 20% 10%
20% 20% 10%
Higher 40% 40% 32.5%
40% 40% 32.5%
Additional 50% 50% 42.5%
50%
 50%
 42.5%
General income (salary, pension, profit, rent) uses starting, basic and higher rate bands before savings income (interest). Dividends are taxed as the 'top slice' of income.
 
Table B
Pension Contributions
 
The maximum annual tax efficient gross contributions (up to age 75) in 2011/12 are:
- individuals:   £3,600 or 100% of earnings to £50,000
- employers:   £50,000 less employee contributions
Maximum tax efficient fund (lifetime allowance) where benefits are taken in 2011/12: £1.8m.
Only current earnings count for the 100% limit. Extra contributions above £50,000 can use unused £50,000 limit of preceding three years.
 
Table C
Benefits In Kind
 
Car Benefit Assessment 2011/12

Charge based on a percentage of the initial list price of the car; the percentage depends on the carbon dioxide emission ratings of the car, if it has one. For older cars without a rating, the percentage depends on engine capacity.

For 2011/12 the percentage for a petrol engine is 15% for ratings from 121g/km - 125g/km. The percentage increases by 1% for every complete 5g/km in excess of this (i.e. at 130,135 etc.), to a maximum of 35%. Lower rates apply to cars with ratings up to 120g/km (10%), 75g/km (5%), or no emissions (no tax charge).

Diesel cars have 3% added to the figure for a similarly-rated petrol car, but still have a maximum percentage of 35%.
 
Car Fuel Assessment

The benefit is calculated using the same percentage as that used for the car benefit, applied to a standard figure of £18,800 (2010/11: £18,000).

The taxable amount is therefore between £940 (5% - min.) and £6,580 (35% - max.). There is no tax on charging an emission-free electric car.
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