TAX DATA INFORMATION

Income Tax

	2010/11	2009/10
Basic rate band - income up to	£37,400	£37,400
Starting rate for savings	10%*	10%*
Basic rate	20%	20%
Dividend ordinary rate	10%	10%
High rate band - income over	£37,400	£37,400
Higher rate	40%	40%
Dividend upper rate	32.5%	32.5%
Additional rate - income over	£150,000	-
Additional rate	50%	-
Dividend additional rate	42.5%	-
Construction Industry Scheme deduction rate	20/30%	20/30%

UK dividend income is taxed at 10% (at 32.5% where dividends fall into the higher tax band)

*10% starting rate is for savings income up to the starting rate limit of £2,440 within the basic rate band. The rate applies to any balance of the limit remaining after allocating taxable non-savings income.

Allowances that Reduce Taxable Income

Personal Allowance	2010/11	2009/10
Under 65	£6,475*	£6,475*
65 to 74	£9,490*	£9,490*
75 and over	£9,640*	£9,640*

Allowances that Reduce Tax

Married Couple's Allowance (MCA)	2010/11	2009/10
Either partner born before 6 April 1935 (relief restricted to 10%)	£6,965*	£6,965*

*Age related allowances are reduced by £1 for every £2 that adjusted net income exceeds £22,900 to a minimum PA of £6,475 and to a minimum MCA of £2,670.

For 2010-11, where adjusted net income exceeds £100,000 PA is reduced in the same way until it becomes nil.