Question 2
What are the current allowances?
| 2008/2009 | 2009/2010 | |
|---|---|---|
| Personal allowance (age under 65) | £6,035 | £6,475 |
| Personal allowance (age 65-74) | £9,030 | £9,490 |
| Personal allowance (age 75 and over) | £9,180 | £9,640 |
| Age income limit | £21,800 | £22,900 |
*These allowances reduce where the income is above the income limit by £1 for every £2 of income above the limit. They will never be less than the basic Personal allowance.
