ISAs
|
|
Until April 5 2011 |
From April 6 2011 |
Change |
|
Annual allowance |
£10,200 |
£10,680 |
+ £480 |
|
Cash element |
£5,100 |
£5,340 |
+ £240 |
Inheritance Tax
|
|
2010-2011 |
2011-2012 |
Change |
|
Personal allowance |
£325,000 |
£325,000 |
£0 |
|
Couple's allowance |
£650,000 |
£650,000 |
£0 |
Capital gains tax - Personal Allowance
Changes were made to the rate at which CGT is paid in the coalition government's Emergency Budget in 2010. Basic rate taxpayers will continue to pay at a rate of 18%, while higher and 50% rate taxpayers will pay at a rate of 28%.
|
|
2010-2011 |
2011-2012 |
Change |
|
Individuals |
£10,100 |
£10,600 |
+£500 |
Pension Scheme - Personal Allowance
|
|
2010-2011 |
2011-2012 |
Change |
|
Annual allowance |
£255,000 |
£50,000 |
-£205,000 |
|
Lifetime allowance |
£1,800,000 |
£1,500,000 |
-£300,000 |
Income Tax - Personal Allowances
|
|
2009-2010 |
2010-2011 |
From April 2011 |
Change |
|
Up to 64 Years |
£6,475 |
£6,475 |
£7,475 |
+£1,000 |
|
65 - 74 Years* |
£9,490 |
£9,490 |
£9,940 |
+£450 |
|
Over 75 Years* |
£9,640 |
£9,640 |
£10,090 |
+£450 |
|
Married couple's allowance* ^ (aged 75 and over) |
£6,965 |
£6,965 |
£7,295 |
+£330 |
|
Married couple's allowance^ (minimum amount) |
£2,670 |
£2,670 |
£2,800 |
+£130 |
|
Income limit for age-related allowances |
£22,900 |
£22,900 |
£24,000 |
+£1,100 |
* These allowances may be lower depending on your income. For more information on how age-related allowances work visit http://www.hmrc.gov.uk/pensioners/allowances.htm
Married couple's allowance is given at the rate of 10%. It applies to couples where at least one spouse was born before April 6 1935.

Income: Taxable bands
|
|
2010-2011 |
2011-2012 |
|
Basic Rate 20% |
£0 - £37,400 |
£0 - £35,000 |
|
Higher Rate 40% |
£37,401 - £150,000 |
£35,001 - £150,000 |
|
Additional Rate 50% |
£150,000 and over |
£150,000 and over |
Stamp Duty
|
Rate |
Residential in disadvantaged areas* |
Residential outside disadvantaged areas* |
Non-residential |
|
|
Total value of consideration |
|
Zero |
£0 - £150,000 |
£0 - £125,000 |
£0 - £150,000 |
|
1% |
Over £125,000 - £250,000 |
Over £150,000 - £250,000 |
Over £150,000 - £250,000 |
|
3% |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
Over £250,000 - £500,000 |
|
4% |
Over £500,000 to £1million |
Over £500,000 to £1million |
Over £500,000 |
|
5% |
Over £1million |
Over £1million |
N/A |
* To find out whether the area you are looking to buy in is classed as disadvantaged, visit http://www.hmrc.gov.uk/so/dar/dar-search.htm
Source: HMRC
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