Payne Sherlock Chartered accountants Chichester
accountants West Sussex




















2005/06 Rates and Allowances

Tax Rates Allowances Logo

2006 Personal allowances

  2006/07
Personal allowance (reduces taxable income)
Age under 65 £5,035
Age 65-74 £7,280
Age 75 and over £7,420
Married couple's allowance (reduces tax)
At least one spouse born before 6 April 1935 and elder spouse aged to 74 £606.50
Elder spouse aged 75 and over £613.50
Minimum amount £235.00
Income limit for age-related allowances £20,100


Business: 
Personal:  Introduction to the Tax System | Planning Aspects | Home Aspects
Pensions | Aspects of Investments and Investing | VCT & EIS
Tax:  Budget Report | Tax Guide | Financial Planning Guide
Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning





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