Income Tax Rates and Bands
	Personal Allowances
	Pensions Cap and Pensions Credit
	Child Tax Credit
	Working Tax Credit
	Disabled Tax Allowance

 

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Income Tax:	2004/05 (£)	2003-04 (£)	2002/03 (£)
Starting rate Starting rate band   Basic rate Basic rate band   Higher rate Higher rate band	10% 0-2,020   22% 2,021-31,400   40% >31,400	10% 0-1,960   22% 1,961-30,500   40% >30,500	10% 0-1,920   22% 1,921-29,900   40% >29,900
Tax on Dividend income:      Basics Rate taxpayers    Higher Rate taxpayers	10% 32.5%	10% 32.5%	10% 32.5%

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Personal Tax Allowances:	2004/05 (£)	2003-04 (£)	2002/03 (£)
Personal Allowance:   Standard Allowance   People 65 - 74   People over 75 or more   Income Limit for age     related allowances       Married Couples Allowance   Standard   People born before 6/4/35   People aged 75 or more   Minimum Amount of     Married Couples      Allowance      Blind Persons Allowance	4,745 6,830 6,950  18,900              Nil 5,725*  5,795* 2,210*    * Relief given at 10%   1,560	4,615 6,610 6,720  18,300              Nil 5,565*  5,635* 2,150*    * Relief given at 10%   1,510	4,615 6,100 6,370  17,900            Nil 5,465*  5,535* 2,110*   * Relief given at 10%   1,480
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Pensions:	2004/05 (£)	2003-04 (£)	2002/03 (£)
Earnings Cap	102,000	99,000	97,200
Pensions Credit		New in 2003/04 for low  income pensioners	N/a
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Tax Credits:	2004/05 (£)	2003-04 (£)	2002/03 (£)
Children's Tax credit   Standard rate   Baby Rate    Child's Tax Credit	N/a  N/a   Up by £3.50 per child for low income families	Replaced by the  Child's Tax Credit   New in 2003/04. This claim must be made  promptly - it can only be  back-dated 3 months. click here for more  information	5,290* 10,490*   N/a
Working Families Tax      Credit     Working Tax credit		Replaced by the  Working Tax Credit      New in 2003/04. This claim must be made  promptly - it can only be  back-dated 3 months. click here for more  information	Information not available  on this site   N/a
Disabled Person's Tax      Credit		click here for separate  page
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