Allowances and reliefs
2000/2001
Personal Allowance
under 65 Pounds 4,385
65-74 Pounds 5,790
75 and over Pounds 6,050
Married couple’s allowance (relief at 10%)
age 65 before 6.4.2000 Pounds 5,185
age 75 and over Pounds 5,255
minimum amount Pounds 2,000
Age allowances reduced by half of income over Pounds 17,000
Blind person’s allowance Pounds 1,400
Rent-a-room relief – maximum Pounds 4,250
Maximum ‘Golden Handshake’ Pounds 30,000
Charitable Giving exempt from CGT and IHT. Income tax relief available for single donations of cash or quoted securities or for charitable deeds of covenant, and for payroll deduction schemes. (10% supplement given on donations through payroll giving.)