Income Tax Allowances - 2006-2007

December 2005

All allowances that are inflation proofed have been raised by 2.7%, (Based on the increase in the Retail Price Index to September 2005).

Personal Allowance will be increased to £5,035 (£4,895 2005-2006)

Personal Allowance (age 65-74) will be increased to £7,280 (£7,090 2005-2006)

Personal Allowance (age 75 and over) will be increased to £7,420 (£7,220 2005-2006)