Quote:
Originally Posted by fionaB
<<<For those under the age of 75 the tax free allowance will rise in stages from £7,280 to £9,770 in 2011. This may offset the extra cost due to the abolition of the 10% income tax rate>>>
since when was the tax allowance £7280????????
its only £5030
Fi
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They vary by age. For the year 2006/07 they are:
Personal (basic) 5,035
Personal (65-74) 7,280
Personal (75 & over) 7,420
Matt.