National Insurance:
Note that as for last year, the lower limit for employees and the self-employed for National Insurance are no longer aligned with personal allowances.
2009 Budget tables:
Income tax, capital gains tax, and inheritance tax
| £ per year (unless stated) | 2008-09 | Change | 2009-10 |
| Income tax personal and age-related allowances | |||
| Personal allowance (age under 65) | £6,035 | +£440 | £6,435 |
| Personal allowance (age 65-74) | £9,030 | +£460 | £9,490 |
| Personal allowance (age 75 and over) | £9,180 | +£460 | £9,640 |
| Married couple's allowance* (aged less than 75 and born before 6th April 1935) | £6,535 | N/A | N/A |
| Married couple's allowance* (age 75 and over) | £6,625 | +£340 | £6,965 |
| Married couple's allowance* - minimum amount | £2,540 | +£130 | £2,670 |
| Income limit for age-related allowances | £21,800 | +£1,100 | £22,900 |
| Blind person’s allowance | £1,800 | +£90 | £1,890 |
| Capital gains tax annual exempt amount | |||
| Individuals etc. | £9,600 | +£500 | £10,100 |
| Most trustees | £4,800 | +£250 | £5,050 |
| Individual inheritance tax allowance | £312,000 | +£13,000 | £325,000 |
| Pension schemes allowances | |||
| Annual Allowance | £235,000 | +£10,000 | £245,000 |
| Lifetime Allowance | £1,650,000 | +£100,000 | £1,750,000 |
Income tax: Taxable bands
| 2008-09 | 2009-10 | |
| Savings starting rate*: 10% | £0-£2,320 | £0-£2,440 |
| Basic rate: 20% | £0-£34,800 | £0-£37,400 |
| Higher rate: 40% | Over £34,800 | Over £37,400 |
* If an individual’s taxable non-savings income is above the savings starting rate limit then the 10% savings rate will not be applicable. There are no changes to the 10% dividend ordinary rate or the 32.5% dividend upper rate.
Corporation tax on profits
| £ per year (unless stated) | 2008-09 | 2009-10 |
| £0-£300,000 | 21% | 21% |
| £300,001 - £1,500,000 | Marginal relief | Marginal relief |
| £1,500,001 or more | 28% | 28% |
National insurance contributions
| per week (unless stated) | 2008-09 | Change | 2009-10 |
| Lower earnings limit, primary Class 1 | £90 | +£5 | £95 |
| Upper earnings limit, primary Class 1 | £770 | +£74 | £844 |
| Upper Accruals point | N/A | N/A | £770 |
| Primary threshold | £105 | +£5 | £110 |
| Secondary threshold | £105 | +£5 | £110 |
| Employees’ primary Class 1 rate between primary threshold and upper earnings limit | 11% | - | 11% |
| Employees’ primary Class 1 rate above upper earnings limit | 1% | - | 1% |
| Employees’ contracted-out rebate - salary-related schemes | 1.6% | - | 1.6% |
| Employees’ contracted-out rebate - money-purchase schemes | 1.6% | - | 1.6% |
| Married women’s reduced rate between primary threshold and upper earnings limit | 4.85% | - | 4.85% |
| Married women’s rate above upper earnings limit | 1% | - | 1% |
| Employers’ secondary Class 1 rate above secondary threshold | 12.8% | - | 12.8% |
| Employers’ contracted-out rebate, salary-related schemes | 3.7% | - | 3.7% |
| Employers’ contracted-out rebate, money-purchase schemes | 1.4% | - | 1.4% |
| Class 2 rate | £2.30 | +£0.10 | £2.40 |
| Class 2 small earnings exception (per year) | £4,825 | +£250 | £5,075 |
| • Special Class 2 rate for share fishermen | £2.95 | +0.10 | £3.05 |
| Special Class 2 rate for volunteer development workers | £4.50 | +£0.25 | £4.75 |
| Class 3 rate (per week) | £8.10 | £3.95 | £12.05 |
| Class 4 lower profits limit (per year) | +£5,435 | +£280 | £5,715 |
| Class 4 upper profits limit (per year) | £40,040 | +£3,835 | £43,875 |
| Class 4 rate between lower profits limit and upper profits limit | 8% | - | 8% |
| Class 4 rate above upper profits limit | 1% | - | 1% |
Working and child tax credits rates
| £ per year (unless stated) | 2008-09 | Change | 2009-10 |
| Working Tax Credit | |||
| Basic element | £1,800 | +£90 | £1,890 |
| Couple and lone parent element | £1,770 | +£90 | £1,860 |
| 30 hour element | £735 | +£40 | £775 |
| Disabled worker element | £2,405 | +£125 | £2,530 |
| Severe disability element | £1,020 | +£55 | £1,075 |
| 50+ Return to work payment (16-29 hours) | £1,235 | +£65 | £1,300 |
| 50+ Return to work payment (30+ hours) | £1,840 | +£95 | £1,935 |
| Childcare element of the Working Tax Credit | |||
| Maximum eligible cost for one child | £175 per week | - | £175 per week |
| Maximum eligible cost for two or more children | £300 per week | - | £300 per week |
| Percentage of eligible costs covered | 80% | - | 80% |
| Child Tax Credit | |||
| Family element | £545 | - | £545 |
| Family element, baby addition | £545 | - | £545 |
| Child element | £2,085 | +£150 | £2,235 |
| Disabled child element | £2,540 | +£130 | £2,670 |
| Severely disabled child element | £1,020 | +£55 | £1,075 |
| Income thresholds and withdrawal rates | |||
| First income threshold | £6,420 | +£1,200 | £6,420 |
| First withdrawal rate | 39% | - | 39% |
| Second income threshold | £50,000 | - | £50,000 |
| Second withdrawal rate | 6.67% | - | 6.67% |
| First threshold for those entitled to Child Tax Credit only | £15,575 | +£465 | £16,040 |
| Income disregard | £25,000 | - | £25,000 |
Child benefit and guardian’s allowance rates 2009
| £ per week | 2008-09 | Change | 2009-10 |
| Eldest/Only Child | £18.80 | +£1.20 | £20.00* |
| Other Children | £12.55 | +£0.65 | £13.20* |
| Guardian’s Allowance | £13.45 | +£0.65 | £14.10 |
* The child benefit rates increased from 6 January 2009, Guardian's allowance from 6 April 2009.
Stamp taxes and duties
Transfers of land and buildings (consideration paid)
Until 31 December 2009
| Rate | Residential | Non-residential | |
| Total value of consideration | |||
| Zero | £0 - £175,000 | £0 - £150,000 | |
| 1% | Over £175,000 - £250,000 | Over £150,000 - £250,000 | |
| 3% | Over £250,000 - £500,000 | Over £250,000 - £500,000 | |
| 4% | Over £500,000 | Over £500,000 | |
From 1 January 2010
| Rate | Residential in disadvantaged areas | Residential outside disadvantaged areas | Non-residential |
| Total value of consideration | |||
| Zero | £0 - £150,000 | £0 - £125,000 | £0 - £150,000 |
| 1% | Over £150,000 - £250,000 | Over £125,000 - £250,000 | Over £150,000 - £250,000 |
| 3% | Over £250,000 - £500,000 | Over £250,000 - £500,000 | Over £250,000 - £500,000 |
| 4% | Over £500,000 | Over £500,000 | Over £500,000 |
New leases (lease duty)Duty on the premium is the same as for transfers of land (except that special rules apply for non-residential land and property premium where rent exceeds £1,000 annually. The rules no longer apply to residential property). Duty on the rent is charged on any part of the net present value (NPV) which exceeds the threshold.
| Rate | Net Present Value of rent | ||
| Residential in disadvantaged areas | Residential outside disadvantaged areas | Non-residential | |
| Slice of NPV | |||
| Zero | £0 - £150,000 | £0 - £125,000 | £0 - £150,000 |
| 1% | Over £150,000 | Over £125,000 | Over £150,000 |
The rate of stamp duty/stamp duty reserve tax on the transfer of shares and securities is unchanged at 0.5 per cent for 2009-10. Transfers as gifts or where the total price is under £1,000 are exempt.