* Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,670 (2008/09: £2,540).
Important annual limits
2009/10
2008/09
Individual Savings Account investment
**£7,200
£7,200
Rent a room exemption
4,250
4,250
Enterprise Investment Scheme investment
* 500,000
* 500,000
Venture Capital Trust investment
** 200,000
** 200,000
* Relief at 20% ** Relief at 30% ** £10,200 for those aged 50+ (6.10.09)
Turpin Lucas Lee's is the holding name of TLL Accountants LTD. A company resistered in England
no: 5410603