| Income
tax allowances |
2000-01
(£)
|
2001-02
(£)
|
|
Personal
allowance
|
4
385
|
4
535
|
| Personal
allowance for people aged 65-74 |
5
790
|
5
990
|
| Personal
allowance for people aged 75 and over |
6
050
|
6
260
|
|
Income
limit for age-related allowances
|
17
000
|
17
600
|
|
Married
couple’s allowance for people born before 6 April 1935
|
5
185
|
5
365
|
| Married
couple’s allowance - aged 75 or more |
5
255
|
5
435
|
| Minimum
amount of married couple’s allowance |
2
000
|
2
070
|
|
Children’s
tax credit
|
-
|
5
200
|
|
Blind
person’s allowance
|
1
400
|
1
450
|
|
The
rate of relief for the continuing married couple’s allowance and maintenance
relief for people born before 6 April 1935, and for the children’s tax
credit, is 10%.
|
Taxable
bands 2000-01 (£)
|
Taxable
bands 2001-02 (£)
|
|
Starting
rate 10%
|
0
- 1 520
|
Starting
rate 10%
|
0
- 1 880
|
|
Basic
rate 22%
|
1
521 - 28 400
|
Basic
rate 22%
|
1
881 - 29 400
|
|
Higher
rate 40%
|
Over
28 400
|
Higher
rate 40%
|
Over
29 400
|
|
|
|
2000-01
|
2001-02
|
|
Trusts
|
34%
|
34%
|
| Schedule
F Trusts |
25%
|
25%
|
|
|