Income Tax Rates 2011 - 2012 in the UK
Income tax rates in the UK for 2011/2012 tax period are given below. Initially, you should deduct the income tax allowance so we also provided the allowances for different categories of people.
Income tax rates
2010-11
|
£ per year
|
2011-12
|
£ per year
|
Starting savings rate: 10%
|
£0-£2,440
|
Starting savings rate: 10%
|
£
|
Basic rate: 20%
|
£0-£37,400
|
Basic rate: 20%
|
£
|
Higher rate: 40%
|
£
|
Higher rate: 40%
|
£
|
Additional Rate: 50%
|
Over £
|
Additional Rate: 50%
|
Over £150,000
|
Income Tax allowances:
Allowances
|
2010-11
|
Change
|
2011-12
|
Personal allowance (age under 65)
|
£6,475
|
+1000
|
£
|
Personal allowance (age 65-74)
|
£9,490
|
+450
|
£
|
Personal allowance (age 75 and over)
|
£9,640
|
+450
|
£
|
Married couple's allowance Maximum (age 75 and over)
|
£6,965
|
+330
|
£
|
Income limit for age-related allowances 65 and over
|
£22,900
|
+1,100
|
£
|
Blind person’s allowance
|
£1,890
|
+90
|
£
|
How is your gross salary calculated?
Gross Salary - Tax free Allowances = Total taxable
Total taxable x Tax rate (% 10, 20, 40 or 50) = Tax paid
Total taxable - Tax paid - NI = Net Salary
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