TCM4000 Reference Section Inland Revenue Rates and Allowances
Income Tax

Allowances 2000 - 2001 2001 - 2002
Personal allowance £4,385 £4,535
Personal allowance for people aged 65-74 £5,790 £5,990
Personal allowance for people aged 75 and over £6,050 £6,260
Income limit for age-related allowances £17,000 £17,600
Married couple’s allowance for people born before 6 April 1935 £5,185 £5,365
Married couple’s allowance - aged 75 or more £5,255 £5,435
Minimum amount of married couple’s allowance £2,000 £2,070
Children’s tax credit n/a £5,200
Blind person’s allowance £1,400 £1,450
The rate of relief for the continuing married couple’s allowance and maintenance relief for people born before 6 April 1935, and for the children’s tax credit, is 10%.

Taxable bands 2000 - 2001 2001 - 2002
Starting rate 10% £0 - £1,520 £0 - £1,880
Basic rate 22% £1,521 - £28,400 £1,881 - £29,400
Higher rate 40% over £28,400 over £29,400
         
Trusts   34%   34%
Schedule F Trusts   25%   25%

Source: HM Government Inland Revenue