£379 saving from £10,000 allowance

A basic rate taxpayer would save £379 a year from an early move to Nick Clegg's £10,000 personal allowance - the amount you can earn before income tax kicks in. 

That's £31.58 a month or £7.29 a week.

In addition, of course, those with incomes under £10,000 wouldn't have to pay income tax at all.

Here's a table, kindly supplied by the tax experts at the CIOT, which shows how the calculation is done.

Year	Personal allowance	Amount saved by basic rate taxpayer compared to previous	Amount saved by basic rate taxpayer compared to 2010-11
2010-11	£6475
2011-12	£7475	200	200
2012-13	£8105	126	326
??	£10000	379	705

Courtesy of the Chartered Institute of Taxation