2010/11 Tax rates and allowances

Savings starting rate band to £2,440
Savings starting rate tax 10%
Basic rate band £37,400
Basic tax rate 20%
Higher rate band £37,401 - £150,000
Higher tax rate 40%
Additional tax rate band - over £150,000
Additional tax rate 50%
Tax on UK dividends within basic rate band 10%
Tax on UK dividends within higher rate band 32.5%
Tax on UK dividends within additional rate band 42.5%

Trusts:
Trust rate 50%

Allowances that reduce taxable income:
Personal allowances:
Age under 65 £6,475
Age 65-74 £9,490
Age 75 and over £9,640
Blind person's allowance £1,890
Allowances that reduce tax:
Married couple's allowance (MCA):
Age 75 and over £6,965
Age 75 and over - minimum amount £2,670
The age-related allowances are progressively withdrawn if income exceeds £22,900
Minimum Personal Allowance £6,475
Minimum MCA tax reduction £267

Non domicile charge:
Charge for adult non domiciliary applies after UK residence in 7 or more of the previous 9 years £30,000