The government has set out the top rate of tax on personal income, and details of the tax thresholds adjusted for inflation, for the years 1975/76 to 2010/11. This is an extract from the table provided in a House of Lords written answer:
The government has set out the top rate of tax on personal income, and details of the tax thresholds adjusted for inflation, for the years 1975/76 to 2010/11. This is an extract from the table provided in a House of Lords written answer:
Personal allowance (note 1)
Taxable income above which the highest rate is charged (2)
Highest rate of income tax charged
Personal allowance (1) at 2010/11 prices
Taxable income above which the highest rate is charged at 2010/11 prices
2005/06
4,895
32,400
40%
5,741
37,998
2006/07
5,035
33,300
40%
5,692
37,648
2007/08
5,225
34,600
40%
5,673
37,569
2008/09
6,035
34,800
40%
6,364
36,696
2009/10
6,475
37,400
40%
6,795
39,250
2010/11
6,475
150,000
50%
6,475
150,000
Notes:
Single/basic, non-aged personal allowance for a man with no children
From 2010/11 the highest rate of tax is the additional rate of 50%. The higher rate of tax at 40% is due on taxable incomes exceeding £37,400.
The government has set out the top rate of tax on personal income, and details of the tax thresholds adjusted for inflation, for the years 1975/76 to 2010/11. This is an extract from the table provided in a House of Lords written answer:
The government has set out the top rate of tax on personal income, and details of the tax thresholds adjusted for inflation, for the years 1975/76 to 2010/11. This is an extract from the table provided in a House of Lords written answer:
Personal allowance (note 1)
Taxable income above which the highest rate is charged (2)
Highest rate of income tax charged
Personal allowance (1) at 2010/11 prices
Taxable income above which the highest rate is charged at 2010/11 prices
2005/06
4,895
32,400
40%
5,741
37,998
2006/07
5,035
33,300
40%
5,692
37,648
2007/08
5,225
34,600
40%
5,673
37,569
2008/09
6,035
34,800
40%
6,364
36,696
2009/10
6,475
37,400
40%
6,795
39,250
2010/11
6,475
150,000
50%
6,475
150,000
Notes:
Single/basic, non-aged personal allowance for a man with no children
From 2010/11 the highest rate of tax is the additional rate of 50%. The higher rate of tax at 40% is due on taxable incomes exceeding £37,400.
