|
UK Tax Rates 2011-12 Click on a to pick tax Tax Year | Income Tax |
National Ins. | Corporation | Capital Gains | Inheritance |
|  |
 |  |  |  |
FREE Tax Tips sent to your Email with our
Newsletter. Budget and Pre-budget reports in the Tax Articles Section.
UK tax year date : 6th April 2011 - 5th April 2012 | Income Tax Rates | 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  |