The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United Kingdom Taxes

What is the 2008/2009 personal tax allowance?


Last year it was 拢5220, has it changed since then?

here you go
拢5435

Hi

For 2008/2009 the personal allowance is 拢5435.

For people aged 65-74 the allowance is 拢9030. For people aged over 75 the allowance is 拢9180.

The married couples allowance for people born before 6/4/35 but aged under 74 is 拢6535. The married couples allowance for people aged over 75 is 拢6625.

The income limit for age related allowances (at which point the higher personal allowances start to be reduced) is 拢21800.

Hope this helps.

David Nicoll
"the accountant with attitude"

Tags
  Atlanta   Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes
Related information
  • What do you do with the pionts that you earn on here?

    You can ask questions and also, you get onto other levels which means that you can ask more, answer more and vote more, it goes up with each level until it becomes unlimited.

    ...
  • New 10p tax rate if it gets put into action will i be better or worse off?

    拢776.90 +/-

    ...
  • If i am a student do i pay tax on my wages?

    Students in the UK are not exempt from tax! Neither would a new-born baby be if it had the necessary income level. You can currently have income of 拢5435 before you become liable to tax. After that...

  • There is lots of talk atm about the abolition of the 10p tax rate. What actually is the 10p tax rate?

    Up until the beginning of April the first 拢2300 of tax (for everybody)was at 10% that has been abolished and you now pay 20% However the next chunk of earnings was taxed at 22%, now it's 20%<...

  • What does a quote with 'not subject to vat' mean?

    It means that there is no VAT to pay. Either the company doesn't make enough to charge VAT, or the goods you are buying are not VATable. The price you are quoted won't have VAT adde...

  • WIll I be better of working?? I'm on benefits and really want to work but am worried bout rent etc...?

    Hi I work for benefits, there is lots of help you can get if you start work and you are on a low income. To start with when your JSA stops you can claim an EPP, and extended payment period, this w...

  • ANYONE know any tricks to reduce your tax bill when you're self employed?

    Not sure which country you are in but basically keep receipts for everything you buy and ask accountant what you can claim as an expense. This will depend on what country you are in but obvious ...

  • Shoring up Banks and Mortgages but doubling the Poor's taxes?

    I find myself ever more confused about the whole idea of giving sureties to the banks in the first place. Why is the government making sure that house prices stay so daftly high ? Vested interest m...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster