{
  "url": "https://openlegislation.uk/income-tax-indexation-order-1987/article-2",
  "json_url": "https://openlegislation.uk/income-tax-indexation-order-1987/article-2.json",
  "legislation": "uksi/1987/434",
  "legislation_title": "The Income Tax (Indexation) Order 1987",
  "legislation_url": "https://openlegislation.uk/income-tax-indexation-order-1987",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of section 24 of the Finance Act 1980 as specified for the year 1987—88 in section 32 of the Finance Act 1971 and section 8 of the Income and Corporation Taxes Act 1970 are as follows.\n(2) In section 32 of the said Act of 1971 (basic rate limit and higher rate bands)—\n(a) the basic rate limit £17,900;\n(b) the higher rate bands—\nBand\nPart of total income in excess of basic rate limit\nFirst …\nThe first £3,200\nSecond …\nThe next £5,400\nThird …\nThe next £8,200\nFourth …\nThe next £8,200\nFifth …\nThe remainder.\n(3) In section 8 of the said Act of 1970 (personal allowances)—\n(a) subsection (1)(a) (married) £3,795;\n(b) subsection (1)(b) and (2) (single and wife’s earned income relief) £2,425;\n(c) subsection (1A)(a) and (b) (age allowance) £4,675 and £2,960;\n(d) subsection (1B) (income limit for age allowance) £9,800.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1971 c. 68; section 32 was amended by section 24(2) of the Finance Act 1980 (c. 48) and by the Finance Act 1984, section 17(2) and Schedules 7 and 23 (Pt. VI)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1970 c. 10; section 8 was amended by section 31(1) of the Finance (No. 2) Act 1975 (c. 45)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/434/article/2",
    "retrieved_at": "2026-10-29T16:29:47.030083+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}