2005 tax allowances and reliefs

Thresholds (exemption limits)
Marginal rate	27%
Single	£11,020
Married	£17,680
Single (aged 63 or over for the whole of the year)	£12,300
Married (aged 63 or over for the whole of the year)	£20,250

Other allowances
Additional personal	£4,500
Wife's earned income	£4,500
Child reduction (calculated by reference to the excess of child's income over £2,500)	£2,500 £1 for £1
Child in further education reduction (calculated by reference to the excess of child's income over £2,500)	£5,000 £3 for £2

Retirement annuity relief
15% of relevant earnings (including other pension contributions) to a maximum	£15,000
Aged 40 - 49
25% of relevant earnings (including othe pension contributions) to a maximum	£25,000
Aged 50 or over
35% of relevant earnings (incuding other pension contributions) to a maximum	£35,000

Motor expenses
Flat rate per mile: car	55p