Stephen J. Dann
~ ITPA ~
UK Tax Advisor
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| Personal Income Tax | 2011/12 | 2012/13 |
| Personal Allowance, under 65 yrs | £ 7,475 | £ 8,105 |
| Age 65 - 74 yrs | £ 9,940 | £ 10,500 | Age 75 yrs and over | £ 10,090 | £ 10,660 | Higher Allowance income limit | £ 24,000 | £ 25,400 |
| 10% income tax rate ceiling (savings) | £ 2,560 | £ 2,710 |
| Basic Rate | 20% - up to £35,000 | 20% - up to £34,370 |
| Higher Rate tax (tier 1) | 40% £ 35,000 - 150000 | 40% £ 34,371 - 150000 |
| Higher Rate tax (tier 2) | 50% above £ 150000 | 50% above £ 150000 |
| National Insurance Contributions | 2011/12 | 2012/13 |
| Employee Rate | 12% up to £817 (2% above this level) | 12% up to £817 (2% above this level) |
| Lower Earnings Limit | £ 102 pw | £ 107 pw | Earnings threshold (ET) | £ 139 pw | £ 146 pw | Employer Rate above ET | 13.8% | 13.8% | Class 2 (expatriates) | £ 2.50 pw | £ 2.65 pw |
