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HELP Income Tax Division Websitehosting1\iomg_ttax1Personal Allowances PERSONAL ALLOWANCES 2007/2008Single Person £8,850Married Couple (combined) £17,700Single Parent Addition£6,040Blind Person£2,720Disabled Person £2,720Non-Resident£2,040INCOME TAX RATESStandard Rate 10%Higher Rate18%Non-Resident Rate 18%STANDARD RATE TAX THRESHOLDSSingle Person £10,500Married Couple (combined) £21,000Balance taxable at18%Rates and Allowances. Frequently referred to figures. 00/0101/0202/0303/0404/0505/0606/07 07/08Standard rate14%12%10%10%10%10%10%10%Single person lower rate band1000010000100001000010000103001050010500Married couple lower rate band2000020000200002000020000206002100021000Higher rate20%18%18%18%18%18%18%18%Non-resident rate20%18%18%18%18%18%18%18%Single allowance75307700800080008225850086708850BIK exemption (not car benefit)400400400400400400400400Nursing expense limit75357535800080008225850086708850Educational deed of covenant.50005000500050005500550055005500Additional personal allowance51605270547554755630580059206040Private medical insurance limit18001800180018001800180018001800Blind persons / DPA20702120246024602530261026652720Homestay (TT fortnight only)7507507507507507507501500