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Adviser > Technical Central > Rates & Factors > Tax rates & allowances > Income Tax Rates & Allowances
Income Tax Rates & Allowances
| Personal Allowances | ||||||||
|---|---|---|---|---|---|---|---|---|
| | 2008/09 | 2007/08 | 2006/07 | 2005/06 | 2004/05 | 2003/04 | 2002/03 | 2001/02 |
| single person | £6,035 | £5,225 | £5,035 | £4,895 | £4,745 | £4,615 | £4,615 | £4,535 |
| married couple (married man) | - | - | - | - | - | - | - | - |
| | ||||||||
| Age Allowances | ||||||||
| | 2008/09 | 2007/08 | 2006/07 | 2005/06 | 2004/05 | 2003/04 | 2002/03 | 2001/02 |
| single person age 65 and over | £9,030 | £7,550 | £7,280 | £7,090 | £6,830 | £6,610 | £6,100 | £5,990 |
| single person age 75 and over | £9,180 | £7,690 | £7,420 | £7,220 | £6,950 | £6,720 | £6,370 | £6,260 |
| | ||||||||
| Married Couples Allowance | ||||||||
| | 2008/09 | 2007/08 | 2006/07 | 2005/06 | 2004/05 | 2003/04 | 2002/03 | 2001/02 |
| either spouse age 65 and over | £6,535 | £6,285 | £6,065 | £5,905 | £5,725 | £5,565 | £5,465 | £5,365 |
| either spouse age 75 and over | £6,625 | £6,365 | £6,135 | £5,975 | £5,795 | £5,635 | £5,535 | £5,435 |
| income limit | £21,800 | £20,900 | £20,100 | £19,500 | £18,900 | £18,300 | £17,900 | £17,600 |
| | ||||||||
| | ||||||||
| Clawback | £1 in £2 | £1 in £2 | £1 in £2 | £1 in £2 | £1 in £2 | £1 in £2 | £1 in £2 | £1 in £2 |
| Lower tax rate | n/a | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
| Income taxed at lower rate | n/a | £2,230 | £2,150 | £2,090 | £2,020 | £1,960 | £1,920 | £1,880 |
| Basic tax rate | 20% | 22% | 22% | 22% | 22% | 22% | 22% | 23% |
| Income taxed at basic rate | £34,800 | £32,370 | £31,150 | £30,310 | £29,380 | £28,540 | £27,980 | £27,520 |
| Income taxed at higher rate if earnings more than | £34,800 plus allowance | £34,600 plus allowance | £33,300 plus allowance | £32,400 plus allowance | £31,400 plus allowance | £30,500 plus allowance | £29,900 plus allowance | £29,400 plus allowance |
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Scottish Life is a division of Royal London and markets products produced by Royal London. Royal London consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life and pension products, is a member of the Association of British Insurers and is authorised and regulated by the Financial Services Authority, registration number 117672. Royal London Marketing Limited acts as an insurance intermediary for general insurance products and is authorised and regulated by the Financial Services Authority, registration number 302391.
