continued - St James's Place

Notes to the IFRS Basis Financial Statementscontinued4. INCOME TAXESSixMonthsEnded30 June2011SixMonthsEnded30 June2010TwelveMonthsEnded31 December2010£ million £ million £ millionPolicyholder taxOverseas withholding tax 9.3 9.9 13.5Deferred tax on unrelieved expenses– Current year credit (3.4) (3.7) (8.6)Deferred tax on unrealised gains and capital losses in unit linked funds (9.2) (17.3) 57.5UK corporation tax– Current year charge 7.8 3.0 13.9– Adjustment in respect of prior year (0.7) – 1.4Total policyholder tax charge/(credit) for the period 3.8 (8.1) 77.7Shareholder taxUK corporation tax– Current year charge 4.8 – 12.0– Adjustment in respect of prior year 0.1 – (0.7)Overseas taxes– Current year charge 0.8 0.5 1.5– Adjustment in respect of prior year (0.5) – –5.2 0.5 12.8Deferred tax on pensions business losses– Current year (credit)/charge – (2.0) 5.5– Adjustment in respect of prior year – – 0.6Deferred tax charge on other items– Current year charge 3.1 9.4 10.3– Adjustment in respect of prior year (0.6) – –Total shareholder tax charge for the period 7.7 7.9 29.252St. James’s Place plc Registered No. 3183415