Free Useful Accounting Advice & Downloads
Here are a few links for you:
Spreadsheet files
Useful websites
- Inland Revenue (HM Revenue & Customs) - www.hmrc.gov.uk
- Pension Information - www.pensionguide.gov.uk
- Company House - www.companies-house.gov.uk
- Online Yellow Pages - www.yell.com
Accountant software websites
- Sage - www.sage.com
Income tax: Income tax allowances 2012-13
| £ per year (unless stated) | 2011-12 |
2012-13 |
| Personal allowance: | ||
Age under 65* |
7,475 |
8,105 |
Income limit for Personal Allowance* ** |
100,000 |
100,000 |
Age-related allowance (65-74)* ** |
9,940 |
10,500 |
Age-related allowance (75+) |
10,090 |
10,660 |
Income limit for age-related |
24,000 |
25,400 |
| Married couples allowance:** *** **** | ||
Age over 75** *** |
7,295 |
7,705 |
Minimum amount |
2,800 |
2,960 |
Blind Persons Allowance |
1,980 |
2,100 |
* From the 2010-11 tax year the Personal Allowance reduces where the income is above �100, 000 - by �1 for every �2 of income above the �100,000 limit. This reduction applies irrespective of age.
** These allowances reduce where the income is above the income limit for age-related allowances by �1 for every �2 of income above the limit. For the 2009-10 they will never be less than the basic Personal Allowance or minimum amount of Married Couple's Allowance. However, from the 2010-11 tax year the Personal Allowance for people aged 65 to 74 and 75 and over can be reduced below the basic Personal Allowance where the income is above �100,000.
*** Tax relief for the Married Couple's Allowance is given at the rate of 10 per cent.
**** In the 2009-10 tax year all Married Couple's Allowance claimants in this category became 75 at some point during the year and therefore entitled to the higher amount of the allowance - for those aged 75 and over.
TAKEN FROM: http://www.hmrc.gov.uk on 23/06/2012.
