UK Tax Rates 2012

Follow us @Scopulus_News UK tax year date : 6th April 2012 - 5th April 2013
Income Tax Rates	2012 - 13
Starting rate for savings	10% £0 - £2,710
Basic tax rate	20% £0 - 34,370
Higher tax rate	40% Over £34,370
Additional rate	50% Over £150,000
Lower rate on dividend Income	10%
Higher rate on dividend income	32.50%
Additional rate on dividend income	42.50%

Income Tax Allowances	(£)
Personal allowance for people under 65	8,105
Personal allowance for people aged 65-74	10,500
Personal allowance for people aged 75 and over	10,660
Income limit for age-related allowances	25,400
Married couple's allowance - aged 75 or more	7,705
Minimum amount of married couple's allowance	2,960
Blind person's allowance	2,100

Reduced tax allowances and tapered down to zero over	£100,000

National Insurance	2012 - 13
LEL per week	£107
UEL per week	£817
Primary Threshold per week	£146
Secondary Threshold per week	£144
Employee - between PT - UEL (A)	12%
Employee - Over UEL	2%
Employers class 1	13.8%

Corporation Tax	2012 - 13
0 - 300,000	20%
300,001 - 1.5m	marginal relief fraction 1/100
Over 1.5m	24%

Capital Gains Tax	2012 - 13
Individuals	18% and 28%
Trust	28%
Qualifying Entrepreneurs' Relief	10%
Annual Exemption/ relief
Individuals	£10,600
Trust	£5,300

Inheritance Tax	2012 - 13
Nil band	£325,000
Lifetime transfers	20%
Transfer within 7 years of death	40%
If more than 10% of net estate left to charity	36%

UK Tax Rates 2012-13