Main Income Tax reliefs

Married couples allowance (restricted to 10% relief)	2006/07	2007/2008
Either partner under 75 and born before 06/04/1935	6,065	6,285
Either partner over 75 or over	6,135	6,365
Income limited for age related allowances	20,100	20,900
*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 £2,440 (2007/08: £2,440).

Child Tax Credit	2006/2007	2007/2008
Family Element	545	545
Addition for child under age of one	545	545
Child element (for each child or young person)	1,765	1,845
Addition for disabled child or young person	2,350	2,440
Enhancement for severe disabled child or young person	945	980

Working Tax Credit	2006/2007	2007/2008
Basic element	1,665	1,730
Lone parent and couple element	1,640	1,700
30-hour element	680	705
Disability element	2,225	2,310
Severe disability element	945	980
50+ element – 16-29 hours worked	1,140	1,185
50+ element – 30 or more hours worked	1,705	1,770
Childcare element (up to 80% of eligible costs)	Weekly	Weekly
Maximum eligible cost for one child	175	175
Maximum eligible cost for two or more children	300	300

Allowed only at 10%	2006/07	2007/08
Individual Savings Account annual limit	£7,000	£7,000
Rent a room exemption	4,250	4,250
Enterprise Investment Scheme annual limit*	400,000	400,000
Venture Capital Trust annual limit*	200,000	200,000
*Relief restricted to 30%