Income Tax Allowances Reference Table

 Income tax allowances

2005 - 06 (£)

2006 - 07(£)

 

 

 

 Personal allowance

4,895

5,035

 Personal allowance for people aged 65-74

7,090

7,280

 Personal allowance for people aged 75 and over

7,220

7,420

 Income limit for age-related allowances

19,500

20,100

 Married couple’s allowance for people born before 6 April 1935

5,905

6,065

 Married couple’s allowance - aged 75 or more

5,975

6,135

 Minimum amount of married couple’s allowance

2,280

2,350

 Children’s tax credit

abolished

abolished

 Children's tax credit - baby rate

abolished

abolished

 Blind person’s allowance 1,610 1,660

The rate of relief for the continuing married couple’s allowance and maintenance relief for people born
before 6 April 1935, and for the children’s tax credit, is 10%.

 Taxable bands 2005 - 06 (£)

Taxable bands 2006 - 07 (£)

 

 Starting rate 10%

0 - 2,090

Starting rate 10%

0 - 2,150

 Basic rate 22%

2,091 - 32,400

Basic rate 22%

2,151 - 33,300

 Higher rate 40% Over 32,400 Higher rate 40% Over 33,300