Income Tax Allowances

Income tax allowances	2008-2009 £	2009-2010£
Personal allowance	6,035	6,475
Personal allowance for people aged 65-74	9,030	9,490
Personal allowance for people aged 75 and over	9,180	9,640
Income limit for age related allowances	21,800	22,900
Married couple's allowance for people born before 6 April 1935	6,535	n/a
Married couple's allowance - aged 75 or more	6,625	6,965
Minimum amount of married couple's allowance	2,540	2,670
Blind person's allowance	1,800	1,890

Taxable Bands

Taxable Bands Allowances	2008-09  £	2009-2010  £
Starting rate for savings 10%	0-2,320	0-2,440
Basic rate 22% (20%)	0-34,800	0-37,400
Higher rate 40%	over 34,800	over 37,400

Inheritance tax threshold

Year	Amount £
2009-10	325,000
2008-09	312,000
2007-08	300,000

 Corporation tax   

The planned increase in the Small Companies Rate from 21% to 22% from 1 April 2009 has been deferred to 1 April 2010