Larsen & Co
Complete Tax Tables in PDF format:
TAX ALLOWANCES |
|||
|---|---|---|---|
| 2015/16 | 2014/15 | 2013/14 | |
| Personal allowance | £10,600 | £10,000 | £9,205 |
| Peronal allowance restricted from | £100,000 | £100,000 | £100,000 |
| 20% basic rate band | £31,785 | £31,865 | £32,245 |
| 40% higher rate band | £31,786 | £31,866 | £32,246 |
| 45% top rate band | £150,000 | £150,000 | £150,000 |
| 50% top rate band | N/A | N/A | N/A |
| Personal allowance (65-74) | £10,600 | £10,500 | £10,500 |
| Personal allowance (75+) | £10,660 | £10,660 | £10,660 |
| Married couples allowance (born before 6/4/35) | £8,355 | £8,165 | £7,915 |
| Age related allowance restriced from | £27,700 | £27,000 | £26,100 |
| Annual expemption from capital gains | £11,100 | £11,000 | £10,900 |
| Inheritance tax threshold | £325,000 | £325,000 | £325,000 |
| Class 1 NIC lower rate | 12% | 12% | 12% |
| on amounts (per week) | £156-£815 | £153-£805 | £149-£797 |
| Class 1 NIC higher rate | 2% | 2% | 2% |
| on amounts (per week) | Over £815 | Over £805 | Over £797 |
| Class 4 NIC lower rate | 9% | 9% | 9% |
| on amounts from | £8,060p.a. | £7,956p.a. | £7,755p.a. |
| Class 4 NIC higher rate | 2% | 2% | 2% |
| on amounts | 42385p.a. | £41,865 p.a. | £41,450 p.a. |