# The Income Tax (Indexation) Order 1988, Article 2


(1) The amounts which, unless Parliament otherwise determines, will be treated by virtue of section 24(4) and (5) of the Finance Act 1980 as specified for the year 1988—89 in section 32 of the Finance Act 1971 and section 8 of the Income and Corporation Taxes Act 1970 are set out in paragraphs (2) and (3).
(2) In section 32 of the Finance Act 1971 (basic rate limit and higher rate bands)—
(a) the basic rate limit — £18,600, and
(b) the higher rate bands—
Band
Part of total income in excess of basic rate limit
First
The first £2,600
Second
The next £5,200
Third
The next £8,200
Fourth
The next £8,200
Fifth
The remainder.
(3) In section 8 of the Income and Corporation Taxes Act 1970 (personal allowances) in—
(a) subsection (1)(a)—
(i) (married) — £3,945,
(ii) (married — eighty or upwards) — £5,025;
(b) subsection (1)(b)—
(i) (single) — £2,515,
(ii) (single — eighty or upwards) — £3,190;
(c) subsection (1A)(a) (married — sixty-five or upwards) — £4,855;
(d) subsection (1A)(b) (single — sixty-five or upwards) — £3,070;
(e) subsection (1B) (income limit for the purposes of sub-paragraphs (a)(ii), (b)(ii), (c) and (d)) — £10,200;
(f) subsection (2) (earned income of wife) — £2,515.

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Source: https://www.legislation.gov.uk/uksi/1988/503/article/2 (the official version)
Page: https://openlegislation.uk/income-tax-indexation-order-1988/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.