These tables reflect announcements made on 24 March, 22 June and 2 & 9 December 2010. For more detail on these rates, see Annual uprating of certain tax and tax credits rates and thresholds (112kb PDF)

Income tax, capital gains tax, and inheritance tax

Per year	2010-11	2011-12
Income tax personal and age-related allowances
Personal allowance (age under 65)	£6,475	£7,475
Personal allowance (age 65-74)	£9,490	£9,940
Personal allowance (age 75 and over)	£9,640	£10,090
Married couple’s allowance* (age 75 and over)	£6,965	£7,295
Married couple’s allowance* – minimum amount	£2,670	£2,800
Income limit for age-related allowances	£22,900	£24,000
Income limit for under 65 personal allowance	£100,000	£100,000
Blind person’s allowance	£1,890	£1,980
Capital gains tax annual exempt amount**
Individuals etc.	£10,100	£10,100
Most trustees	£5,050	£5,050
Individual inheritance tax allowance	£325,000	£325,000
Pension schemes allowances
Annual Allowance	£255,000	£50,000
Lifetime Allowance	£1,800,000	£1,500,000

* Married couple’s allowance is given at the rate of 10%.

** 2011-12 annual exempt amounts for CGT not yet confirmed.

Income tax: Taxable bands

	2010-11	2011-12
Savings starting rate*: 10%	0 – £2,440	0 – £2,560
Basic rate: 20%	0 – £37,400	0 – £35,000
Higher rate: 40%	£37,401 – £150,000	£35,001 – £150,000
Additional rate : 50%	Over £150,000	Over £150,000

* only available if non savings income is less than this amount

Capital gains tax rates

	2010-11	2011-12
Standard rate of CGT	18%	18%
Higher rate (from 23/6/10)	28%	28%
Entrepreneurs’ Relief fraction (to 22/6/10)	4/9	n/a
Rate for Entrepreneurs (from 23/6/10)	10%	10%

 

Corporation tax on profits

£ per year (unless stated)	2010-11	2011-12
£0-£300,000	21%	20%
£300,001 – £1,500,000	Marginal rate	Marginal rate
£1,500,001 or more	28%	27%

National insurance contributions

per week (unless stated)	2010-11	2011-12
Lower earnings limit, primary Class 1	£97	£102
Upper earnings limit, primary Class 1	£844	£817
Upper Accruals point	£770	£770
Primary threshold	£110	£139
Secondary threshold	£110	£136
Employees’ primary Class 1 rate between primary threshold and upper earnings limit	11%	12%
Employees’ primary Class 1 rate above upper earnings limit	1%	2%
Employees’ contracted-out rebate – salary-related schemes	1.6%	1.6%
Employees’ contracted-out rebate – money-purchase schemes	1.6%	1.6%
Married women’s reduced rate between primary threshold and upper earnings limit	4.85%	5.85%
Married women’s rate above upper earnings limit	1%	2%
Employers’ secondary Class 1 rate above secondary threshold	12.8%	13.8%
Employers’ contracted-out rebate, salary-related schemes	3.7%	3.7%
Employers’ contracted-out rebate, money-purchase schemes	1.4%	1.4%
Class 2 rate	£2.40	£2.50
Class 2 small earnings exception (per year)	£5,075	£5,315
Special Class 2 rate for share fishermen	£3.05	£3.15
Special Class 2 rate for volunteer development workers	£4.75	£5.10
Class 3 rate (per week)	£12.05	£12.60
Class 4 lower profits limit (per year)	£5,715	£7,225
Class 4 upper profits limit (per year)	£43,875	£42,475
Class 4 rate between lower profits limit and upper profits limit	8%	9%
Class 4 rate above upper profits limit	1%	2%

Working and child tax credits rates

£ per year (unless stated)	2010-11	2011-12
Working Tax Credit
Basic element	£1,920	£1,920
Couple and lone parent element	£1,890	£1,950
30 hour element	£790	£790
Disabled worker element	£2,570	£2,650
Severe disability element	£1,095	£1,130
50+ Return to work payment (16-29 hours)	£1,320	£1,365
50+ Return to work payment (30+ hours)	£1,965	£2,030
Childcare element of the Working Tax Credit
Maximum eligible cost for one child	£175 pw	£175 pw
Maximum eligible cost for two or more children	£300 pw	£300 pw
Percentage of eligible costs covered	80%	70%
Child Tax Credit
Family element	£545	£545
Family element, baby addition*	£545	n/a
Child element	£2,300	£2,555
Disabled child element	£2,715	£2,800
Severely disabled child element	£1,095	1,130
Income thresholds and withdrawal rates
First income threshold	£6,420	£6,420
First withdrawal rate	39%	41%
Second income threshold	£50,000	£40,000
Second withdrawal rate	6.67%	41%
First threshold for those entitled to Child Tax Credit only	£16,190	£15,860
Income disregard	£25,000	£10,000

* The baby element of the Child Tax Credit will be removed from April 2011.

Individual Savings Account (ISA)

Annual ISA subscription limit	2010-11	2011-12
Overall limit	£10,200	£10,680
of which cash	£5,100	£5,340
of which stocks & shares	£10,200	£10,680

Stamp taxes and duties

Transfers of land and buildings (consideration paid)
From 1 January 2010

Rate	Residential in disadvantaged areas & Non residential	Residential outside disadvantaged areas
	Total value of consideration
Zero	£0 – £150,000	£0 – £125,000
1%	Over £150,000 – £250,000	Over £125,000 – £250,000*
3%	Over £250,000 – £500,000	Over £250,000 – £500,000
4%	Over £500,000	Over £500,000

* First time buyers can claim relief from SDLT on residential transactions up to £250,000 between 25 March 2010 and 25 March 2012

Fuel Duty

The next increase in fuel duty will be implemented in three stages: 1 pence per litre on 1 April 2010, 1 pence per litre on 1 October 2010, and 0.76 pence per litre on 1 January 2011.