UK Tax Rates 2011-12
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Tax Year | Income Tax |
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UK tax year date : 6th April 2011 - 5th April 2012 | |
| 2011 - 12 | |
| Starting rate for savings | 10% £0 - £2,560 |
| Basic tax rate | 20% £0 - 35,000 |
| Higher tax rate | 40% Over £35,000 |
| Additional rate | 50% Over £150,000 |
Income Tax Allowances  | (£) |
| Personal allowance for people under 65 | 7,475 |
| Personal allowance for people aged 65-74 | 9,940 |
| Personal allowance for people aged 75 and over | 10,090 |
| Income limit for age-related allowances | 24,000 |
| Married couple's allowance - aged 75 or more | 7,295 |
| Minimum amount of married couple's allowance | 2,800 |
| Blind person's allowance | 1,980 |
| Reduced tax allowances and tapered down to zero over | £100,000 |
| National Insurance | 2011 - 12 |
| LEL per week | £102 |
| UEL per week | £817 |
| Primary Threshold per week | £139 |
| Secondary Threshold per week | £136 |
| Employee - between PT - UEL (A) | 12% |
| Employee - Over UEL | 2% |
| Employers class 1 | 13.8% |
| Corporation Tax
| 2011 - 12 |
| 0 - 300,000 | 20% |
| 300,001 - 1.5m | marginal relief fraction 3/200 |
| Over 1.5m | 26% |
| Capital Gains Tax | 2011 - 12 |
| Individuals | 18% + 28% |
| Trust | 28% |
| Qualifying Entrepreneurs' Relief | 10% |
| Annual Exemption/ relief | |
| Individuals | £10,600 |
| Trust | £5,300 |
| Inheritance Tax | 2011 - 12 |
| Nil band | £325,000 |
| Lifetime transfers | 20% |
| Transfer within 7 years of death | 40% |
UK Tax Rates - Past and Present
UK tax rates, get much more information from the official authority site 