Tax Rates
Personal allowances
Personal allowance (age under 65)
Personal allowance (age 65 -75)
Personal allowance (age 75 and over)
Married couple's allowance (age 77 and over)
Married couple's allowance - minimum amount
Age related allowances
Income limit for age-related allowances
(2013-14 figure applies to those aged 65+)
Income limit for under 65 personal allowance
Blind person's allowance
Capital gains tax annual exempt amount
Individuals etc.
Most trustees
Individual inheritance tax allowance
Pension schemes allowances
Annual Allowance
Lifetime Allowance
2013/14
£9,440
£10,500
£10,660
£7,915
£3,040
£26,100
£100,000
£2,160
£11,000
£5,450
£325,000
£50,000
£1,500,000
2014 /15
£10,000
£10,500
£10,660
£8,165
£3,140
£27,000
£100,000
£2,230
£11,100
£5,550
£325,000
£40,000
£1,250,000
Savings starting rate*: 10%
Basic rate: 20%
Higher rate: 40%
Additional rate:
(reduced 5% in 2013-2014)
*Only Available if non savings income is less than this amount
2013 - 2014
0-£2,790
0-£32,010
£32,011-£150,000
Over £150,000
(45%)
2014 - 2015
0-£2,880
0-£31,865
£31,866-£150,000
Over £150,000
(45%)
Standard rate of CGT
Higher rate (for higher rate income tax payers)
Rate for Entrepreneurs
2013 - 2014
18%
28%
10%
2014 - 2015
18%
28%
10%
Per Year (unless stated)
£0 - £300,00
£300,001 - £1,500,000
£1,500,001 or more
2013 - 2014
20%
Marginal Rate
23%
2014 - 2015
20%
Marginal Rate
21%
* Annual 1% reductions announced in 2011 Budget were accerelated with another 1% to reach a unified rate of 20% by 2015 - 2016
Per Week (unless stated)
Lower earning limit, primary Class 1
Upper earnings limit, primary Class 1
Upper Accruals point
Primary threshold
Secondary threshold
Employees' primary Class 1 rate between primary threshold and upper earnings limit
Employees' primary Class 1 rate above upper earnings limit
Employees' contracted-out rebate - salary-related schemes
Married women's reduced rate between primary threshold and upper earnings limit
Married women's rate above upper earnings limit
Employers' secondary Class 1 rate above secondary threshold
Class 2 rate
Class 2 small earnings exception (per year)
Special Class 2 rate for share fishermen
Special Class 2 rate for volunteer development workers
Class 3 rate (per week)
Class 4 lower profits limit (per year)
Class 4 upper profits limit (per year)
Class 4 rate between lower profits limit and upper profits limit
Class 4 rate above upper profits limit
2013 - 2014
£109
£797
£770
£149
£148
12%
2%
1.4%
5.85%
2%
13.8%
£2.70
£5,725
£3.35
£5.45
£13.55
£7,755
£41,450
9%
2%
2014 - 2015
£111
£805
£770
£153
£153
12%
2%
1.4%
5.85%
2%
13.8%
£2.75
£5,885
£3.40
£5.55
£13.90
£7,956
£41,865
9%
2%
£ per year (unless stated)
Basic element
Couple and lone parent element
30 hour element
Disabled worker element
Severe disability element
2013 - 2014
£1,920
£1,970
£790
£2,855
£1,220
2014 - 2015
£1,940
£1,990
£800
£2,935
£1,255
Income tax, capital gains tax, and inheritance tax - personal and age-related allowances
Income tax - taxable bands
Capital Gaiins - tax rates
Capital Gains - tax rates
National Insurance contributions
Working and child tax credit rates