| |
2009-10 |
2010-11 |
Income tax personal allowancesAge under 65 |
6,475 |
6,475 |
| Additions for older people with modest incomes. |
|
|
Income tax bands |
|
|
| Basic rate 0 - 37,400 |
20% |
20% |
| Higher rate, over 37,400 |
40% |
40% |
| Additional rate, over £150,000 |
|
50% |
| If non-savings income is less than £2,440, there is a lower 10% rate applied to savings income. |
|
|
Main national insurance rates for the employed are unchangedWeekly earnings between £110 and £844 |
11% |
11% |
| Over £844 per week |
1% |
1% |
Main national insurance rates for the self-employed are unchanged Class 2 weekly amount, unless earnings are less than £5,075 in the year. |
£2.40 |
£2.40 |
| Class 4 on profits between £5,715 and £43,875 |
8% |
8% |
| Class 4 on profits over £43,875 |
1% |
1% |
Stamp duty land tax outside disadvantaged areas, from 1 January 2010 Up to £150,000 for commercial property, up to £175,000 for residential |
|
0% |
| Up to £250,000 |
|
1% |
| Up to £500,000 |
|
3% |
| Over £500,000 |
|
4% |
