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Allowed at the top rate of tax
Note
2011/12
2010/11
Personal Allowance (under 65)
£7,475
£6,475
Personal Allowance (65 - 74)
1
£9,940
£9,490
Personal Allowance (75 and over
1
£10,090
£9,640
Blind Personís Allowance
£1,980
£1,890
Allowed only at 10%
Married Coupleís Allowance (minimum amount)
1,2
2,800
£2,670
Married Coupleís Allowance (75 and over)
1,2
£7,295
£6,965
Income limit for age-related allowances
£24,000
£22,900
Important annual limits
Individual Savings Account investment (ISA)
3
£10,680
£10,200
Enterprise Investment Scheme investment (EIS)
4
£500,000
£500,000
Venture Capital Trust investment (VCT)
4
£200,000
£200,000
Rent a room exemption
£4,250
£4,250
Notes
1.
Only available if born before 6th April 1935
2.
Age-related allowances reduced by £1 for every £2 by which income exceeds income limit, until the age-related allowance is reduced to the normal allowance; further reduced if income is over £100,000. Personal allowance reduced before the married coupleís allowance (MCA). MCA reduced to a minimum of £2,800 (2010/11: £2,670)
 
3.
Cash ISA: £5,340 (2010/11 - £5,100; Equity ISA: £10,680 (£10,200 (2010/11)
4.
EIS - Relief at 30% (20% - 2010/11; VCT - Relief at 30% (30% - 2010/11)
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