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Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

INCOME TAX

 

Income Tax Rates

2003-2004

2002-2003

10% on first

1,960

1,920

22% on next

28,540

27,980

40% on income over

30,500

29,900

Dividends for basic rate taxpayers

10%

10%

Dividends for higher rate tax payers

32.5%

32.5%

Other savings income for basic rate tax payers

20%

20%

Certain Trusts

34%

34%

Dividends for certain trusts

25%

25%

 

Main Income Tax Reliefs

2003-2004

2002-2003

Personal allowance (Basic)

4,615

4,615

Personal allowance (age 65-74)

6,610

6,100

Personal allowance (age 75 & over)

6,720

6,370

Married couple's allowance (age 65 & born before 6/4/35)*

5,565

5,465

Married couple's allowance (age 75 & over)*

5,635

5,535

Income limit for age-related allowances

18,300

17,900

Blind person's allowance

1,510

1,480

Enterprise Investment Scheme at 20%

150,000

150,000

Venture Capital Trust at 20%

100,000

100,000

 

*Allowances where relief is restricted to 10%
CGT taper relief given on a cumulative basis for serial investors. With effect from
6/4/99 for shares acquired after 5/4/98.

 

 

   
 

2007 Prime Advisors Limited, All Rights Reserved