Main Personal Allowances and Reliefs


  2008/09 2007/08
Personal (basic) £6,035 £5,225
Personal (65-74) £9,030 £7,550
Personal (75 & over) £9,180 £7,690
Married couples/civil partners (minimum) at 10%* £2,540 £2,440
Married couples/civil partners (under 75) at 10%* £6,535 £6,285
Married couples/civil partners (75+) at 10% £6,625 £6,365
Age-related reliefs reduced by 50% of income over £21,800 £20,900
Blind persons
 £1,800 £1,730
Rent-a-room tax-free income £4,250 £4,250
Venture capital trust (VCT) at 30% £200,000 £200,000
Enterprise investment scheme (EIS) at 20% £500,000 £400,000
EIS eligible for capital gains tax re-investment relief No limit
  
* Where at least one spouse/civil partner was born before 6 April 1935
   
Non-domicile charge: Charge for adult non-UK domiciliary after UK residence in at least 7 of the previous 9 tax years £30,000 N/A

 

© Copyright 13 May 2008, subject to Finance Act 2008. For information only. Always seek professional advice before acting.