Income Tax Rates 2013 – 2014


Income Tax allowances and bands for the 2013-14 tax year have now been published. Legislation is being introduced to bring these into effect from Saturday 6 April 2013. These rates were announced in the 2012 Budget and confirmed in the recent Autumn Statement.

Bands of Taxable Income
2012-13 £ a year 2013-14 £ a year
Basic rate (20%) 0-34,370 Basic rate (20%) 0-32,010
Higher rate (40%) 34,371-150,000 Basic rate (40%) 32,011-150,000
Additional (50%) Over 150,000 Basic rate (45%) Over 150,000
Income Tax allowances
Personal Allowance £ a year
2012-13 Change 2013-14
Aged 65 and under 8,105
Aged 65 – 74 10,500
Aged 75 and over 10,660
Those born after 5 April 1948 1,335 9,440
Those born between 6 April 1938 and 5 April 1948 10,500
Those born before 6 April 1938 10,660
Married Couples’ Allowance £ a year
2012-13 Change 2013-14
Allowance (maximum amount) 7,705 210 7,915
Minimum amount 2,960 80 3,040
Blind Persons’ Allowance £ a year
2012-13 Change 2013-14
Blind Person’s Allowance 2,100 60 2,160
Class 1 NIC Rates 2013-14
Employer (Primary) Employer (Secondary)
Earnings £ a week NIC rate % Earnings £ a week NIC rate %
Below £109 (LEL, lower earnings limit) 0 Below £148 (ST, secondary threshold) 0
£109-£149 (PT, primary threshold) 0 Above £148 13.8
£149-£797 (UEL, upper earnings limit) 12
Above £797 2
Self-employed NIC Rats 2013-14
Annual Profits £ a week Class 2 £ a week Class 4%
Below £5725 (SEE, small earning exception) £0.00 0%
£5,725 to £7,755 (LPL, lower profits limit) £2.70 0%
£7,755 to £41,450 (UPL, upper profits limit) £2.70 9%
Above £41,450 £2.70 2%
Other NICs Rates
2012-13 2013-14
Married Women’s reduced rate (per cent) 5.85% 5.85%
Special Class 2 rate for share fishermen £3.30 per week £3.35 per week
Special Class 2 rate for wolunteer development workers £5.35 per week £5.45 per week
Class 3 rate £13.25 per week £13.55 per week
Working and Child Credit Tax Rates & Thresholds
£ a year
2012-13 Change 2013-14
Working Tax Credit
Basic element 1,920 0 1,920
Couple and lone parent element 1,950 20 1,970
30 hour element 790 0 790
Disabled worker element 2,790 65 2,855
Severe disability element 1,190 30 1,220
Childcare element
maximum eligible cost for ONE chiled £175 per week £175 per week
maximum eligible cost for ONE chiled £300 per week £300 per week
per cent of eligible costs covered 70 per cent 70 per cent
Chiled Tax Credit
Family element 545 0 545
Child element 2,690 30 2,720
Disabled child element 2,950 65 3,015
Severely disabled child element 1,190 30 1,220
Income Threshold & Withdrawal Rates
Income threshold 6,420 0 6,420
Withdrawal rate (per cent) 41% 0 41%
First threshold for those entitled to Child Tax Credit only 15,860 50 15,910
Income rise disregard 10,000 -5,000 5,000
Income fall disregard 2,500 0 2,500
Child Benefit and Guardian's Allowance
£ a week
2012-13 Change 2013-14
Chiled Tax Credit
First Child 20.30 20.30
Rate for additional children 13.40 13.40
Chiled Tax Credit 15.55 0.35 15.90
Tax-free Savings Accounts
£ a week
2012-13 Change 2013-14
Individual Savings Account (ISA) subscripion limit
Overall limit 11,280 11,520
of which cash 5,640 5,760
of which stocks and shares 11,280 11,520
Junior ISA subscription limit 3,600 120 3,720
Child Trust Fund (CTF) subscripotion limit 3,600 120 3,720
Fuel Benefit Charge
Company Car Tax Fuel Benefit Charge 2012-13 Change 2013-14
Junior ISA subscription limit £20,200 900 £21,100
Child Trust Fund (CTF) subscripotion limit £550 14 £564
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