List of Tax-free and taxable state benefits in UK

State benefits that are taxable The most common benefits that you pay Income Tax on are: the State Pension Jobseeker’s Allowance Carer’s Allowance Employment and Support Allowance (contribution based) Incapacity Benefit (from the 29th week you get it) Bereavement Allowance pensions paid by the Industrial Death Benefit scheme Widowed Parent’s Allowance Widow’s pension Tax-free state Read more about List of Tax-free and taxable state benefits in UK[…]

Emergency Budget 22 June 2010 Tax & Benefits related Key Points

Taxes Corporation tax, currently 28%, to fall by 1p in the pound a year for four consecutive years until it reaches 24%. Small companies tax to fall to 20%. New firms outside south-east/east to be let off employer national insurance contributions, up to £5,000, for each of first 10 employees recruited. VAT to increase to Read more about Emergency Budget 22 June 2010 Tax & Benefits related Key Points[…]

Means Tested Benefits (Updated April 2010)

Means tested Benefits: Income Support £ per week Personal Allowances Single person aged 16 – 24 51.85 25 or over 65.45 Lone parent Under 18 (usual rate) 51.85 18 or over 65.45 Couples Both under 18 78.30 Both / one over 18 102.75 Dependent children  * Aged   0 – 1 68.07* Aged   1 – 20                 Read more about Means Tested Benefits (Updated April 2010)[…]

Non-Means tested Benefits (updated April 2010)

Non-Means tested Benefits: Adult Child Claimant Dependant Dependant Contribution Based Jobseekers £ per week £ per  week £ per week 16 – 24 51.85 25 or over 65.45 Incapacity Benefit Short–Term Low rate 68.95 41.35** High rate 81.60 41.35** 11.35* Over Pension age Low rate 87.75 51.10** 11.35* Over pension age High rate 91.40 51.10** Read more about Non-Means tested Benefits (updated April 2010)[…]