Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /users/lyons-accountants.co.uk/www/cmsadmin/includes/DbConnector.php on line 26
phone icon 01642 614385

Latest News

Tax Thresholds

Income Tax allowances 2011-12 2012-13
Personal Allowance (1) £7,475 £8,105
Income limit for Personal Allowance £100,000 £100,000
Personal Allowance for people aged 65-74 £9,940 £10,500
Personal Allowance for people aged 75 and over £10,090 £10,660
Married Couple's Allowance (born before 6th April 1935 and aged 75 and over) £7,295 £7,705
Income limit for age-related allowances £24,000 £25,400
Minimum amount of Married Couple's Allowance (10% rate) £2,800 £2,960
Blind Person's Allowance £1,980 £2,100
Starting rate for savings: 10%* £0-£2,560 £0-£2,710
Basic rate: 20% £0-£35,000 £0-£34,370
Higher rate: 40% £35,001-£150,000 £34,371-£150,000
Additional rate: 50% Over £150,000 Over £150,000
Dividend Ordinary Rate 10% 10%
Dividend Upper Rate 32.5% 32.5%
Dividend Additional Rate 42.5% 42.5%

National Minimum Wage

There are different levels of NMW, depending on age and whether you are an apprentice.

  From 1 Oct 2011 From 1 Oct 2012
workers aged 21 and over  6.08 6.19
18-20 year old 4.98 4.98
16-17 rate for workers above school leaving age but under 18 3.68 3.68
apprentices under 19, or 19 or over and in the first year of their apprenticeship 2.60 2.65

If you are of compulsory school age you are not entitled to the NMW. Some of your other employment rights are also different.