UK Tax Tables 2009/2010

Tax Rates and Allowances

	2008-09 (£)	2009-10 (£)	Increase (£)
INCOME TAX ALLOWANCES:
Personal allowance	6,035	6,475	+440
CAPITAL GAINS TAX ANNUAL EXEMPT AMOUNT:
Individuals etc:	9,600	10,100	-
Inheritance tax threshold	312,000	325,000	+23,000
PENSIONS SCHEMES:
Annual allowance:	£235,000	£245,000	+10,000
Lifetime allowance:	1,650,000	1,750,000	+100,000

Taxable Bands

Taxable bands 2008-09 (£)		Taxable bands 2009-10 (£)
*Starting rate 10%	0 - 2,320	*Starting rate 10%	0 - 2,440
Basic rate 20%	0 - 34,800	Basic rate 20%	0 - 37,400
Higher rate 40%	Over 34,800	Higher rate 40%	Over 37,400

* From 2008-09 there is a 10 per cent starting rate for savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.

The rates available for dividends for the 2008-09 and 2009-10 tax years are the 10 per cent ordinary rate and the 32.5 per cent dividend upper rate.

Corporation Tax Rates

Band	Corporation tax profits 2008-09 (£)	Corporation tax profits 2009-10 (£)
0 - 300,000	21%	21%
300,001 - 1,500,000	Marginal relief	Marginal relief
1,500,001 or more	28%	28%

* The Small companies rate rose to 21% in April 2008, and was planned to rise to 22% in April 2009, but this was deferred until 2010.

REV2: National Insurance Rates

	2008-09	2009-10
Primary threshold	£105 per week	£110 per week
Secondary threshold	£105 per week	£110 per week
Employees’ primary class 1 rate on earnings between primary threshold and upper earnings limit	11% of £105.01 to £770 per week 1% above £770 per week	11% of £110.01 to £844 per week 1% above £844 per week
Employers’ secondary Class 1 rate	12.8% on earnings above £105 per week	12.8% on earnings above £110 per week
Class 4 rate	8% of £5,435 to £40,040 per year 1% above £40,040 per year	8% of £5,715 to £43,875 per year 1% above £43,875 per year
Class 4 lower profits limit	£5,435 per year	£5,715
Class 4 upper profits limit	£40,040 per year	£43,875