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Starting a business
We offer help and advice and are always on hand in the critical early stages when... more >

Running a business
Apart from the figures that need preparing and interpreting there are all the other responsibilities to be discharged; legal duties... more >

Inheritance tax
There is a concern in many families as family-homes are increasing in value... more >

Personal taxes including Capital Gains Tax
Direct taxation on individuals includes capital gains tax and national insurance and the latter can increase... more >

Business taxes
Business is taxed either as individuals (sole traders and partnerships) or as companies by Corporation Tax... more >

Useful resources
We have gathered together an immense amount of information to help business people, their staff, customers and families in their everyday... more >

Income Tax Rates

   
2009-10

2008-09

Rates

 
   
%

%

   
Starting rate  (savings only)
10

10

Basic rate  
  Non-savings
20

20

  Savings
20

20

  UK dividends
10

10

Higher rate  
  Excluding UK dividends
40

40

  UK dividend rate
32.5

32.5

Trusts and estates

  Excluding UK dividends
40

40

  UK dividend rate
32.5

32.5

   
   
£

£

   
Starting rate band - up to (savings only)
2,440
2,230
Basic rate band - up to
37,400

34,800

   

Reliefs

 
   
Personal allowances
6,475

6,035

  age 65 to 74
9,490

9,030

  age 75 and over
9,640

9,180

Blind person's allowance
1,890
1,800
   

Reducers

 
   
Married couples' allowance?  

  age under 75
n/a

6,535

  age 75 and over
6,965

6,625

  - £1 for £2
22,900

21,800

  minimum allowance
2,670

2,540

   
Investments under Enterprise Investment Scheme?  
400,000
400,000
Investments in a Venture Capital Trust?  
200,000
200,000
   

Rent-a-room limit

4,250
4,250
   

ISAs investment limit (over 50)

(Max £5.1K cash; no relief for investment but tax-free yields)
10,200
7,200