Tax Advantage

Tax & National Insurance Rates, Allowances & Thresholds Income Tax Allowances 2010/11 2011/12 2012/13 Personal Allowance 6,475 7,475 8,105 Income limit for Personal Allowance (see note 1) 100,000 100,000 100,000 Age Allowance 64-74 9,490 9,940 10,500 Age Allowance 75 and over 9,640 10,090 10,660 Married Couples Allowance, born before 6th April 1935 and age over 75. (see note 2) 6,965 7,295 7,705 Age allowance income limit 22,900 24,000 25,400 Minimum Married Couples Allowance (see note 3) 2,670 2,800 2,960 Blind Persons Allowance 1,890 1,980 2,100         From 6th April 2010 Personal Allowance is reduced by £1 for every £2…