|
|
|
|
...contd
 From April 2008 the
22% tax rate will be reduced to 20%, however the 10% tax band has
been removed.
|
NATIONAL
INSURANCE |
|
|
|
Pay
Per Week
|
National
Insurance Rate
|
|
|
First
£97
|
NIL
|
|
|
Salary
over £97 and under £645
|
11%
|
|
|
Salary
over £645
|
1%
|
|
|
|
|
|
TAX
ALLOWANCE |
|
|
|
ALLOWANCE |
AMOUNT |
|
|
Basic
(Age below 65) |
5,035 |
|
|
Age
65-75 |
7,280 |
|
|
Age
75 and over |
7,450 |
|
|
Blind
Person |
1,660 |
|
|
Married
Couple |
see
below |
|
|
This
allowance has been removed. The Over 65 rate below will apply to
those whose 65th birthday was before 6th April 2000. |
|
Age
65-75 |
6,065 |
|
Age
75 and ove |
6,135 |
|
|
|
|
INCOME
RANGE |
TAX
RATE |
|
0
- 2,150 of taxable income |
10% |
|
2,151
- 33,300 of taxable income |
22% |
|
anything
above 33,301 of taxable income |
40% |
|
|
|
|
|
|
|
