|
Personal Allowance |
2006/2007 |
2005/06 |
|
|
£ |
£ |
|
general |
5,035 |
4,895 |
|
aged 65 to 74 in year of assessment |
7,280 |
7,090 |
|
aged 75 or over in year of assessment |
7,420 |
7,220 |
|
age allowance income limit |
20,100 |
19,500 |
|
minimum where income exceeds limit |
5,035 |
4,895 |
|
Taxable Income |
Band |
Rate |
Tax on Band |
Total Tax
|
|
£ |
£ |
% |
£ |
£ |
|
2006/07 |
|
|
|
|
|
0 - 2,150 |
2,150 |
10 |
215.00 |
215.00 |
|
2,151 - 33,300 |
33,300 |
22 |
7,326.00 |
7,326.00 |
|
Over 33,300 |
- |
40 |
- |
- |
|
|
|
|
|
|
|
2005/06 |
|
|
|
|
|
0 - 2,090 |
2,090 |
10 |
209.00 |
209.00 |
|
2,091 - 32,400 |
30,310 |
22 |
6,668.20 |
6,668.20 |
|
Over 32,400 |
- |
40 |
- |
- |