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Income Tax Allowances

Coins
 
2007-08 (£)
2006-07 (£)
Personal allowance
5,225
5,035
Personal allowance for people aged 65-74 at end of year of assessment.*
7,550
7,280
Personal allowance for people aged 75 and over at end of year of assessment.*
7,690
7,420
Income limit for age-related allowances
20,900
20,100
Married couple's allowance for people born before 6 April 1935, but under 75 (relief at 10%)*
6,285
6,065
Married couple's allowance - aged 75 or more (relief at 10%)*
6,365
6,135
Minimum amount of married couple's allowance
2,440
2,350
Blind person's allowance
1,660
1,730

* These allowances are reduced where the income is above the income limit by £1 for every £2 of income above the limit, but will never be less the personal allowance or minimum amount of married couple's allowance.

 

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