Stephen J.
Dann
~ ATT ~
UK Tax Advisor
UK Tax rates
Click here for Other Pages on this
Website
|
Personal Income Tax
|
2007/08
|
2008/09
|
|
Personal Allowance, under 65 yrs
|
£ 5,225
|
£ 5,435
|
|
Age 65 - 74 yrs
|
£ 7,550
|
£ 9,030
|
Age 75 yrs and over
|
£ 7,690
|
£ 9,180
|
Higher Allowance income limit
|
£ 20,900
|
£ 21,800
|
|
10% income tax rate ceiling
|
£ 2,230
|
Abolished
|
|
Basic Rate
|
22% - up to £34,600
|
20% - up to £36,000
|
|
Higher Rate tax
|
40% above £34,600
|
40% above £36,000
|
|
National Insurance Contributions
|
2007/08
|
2008/09
|
|
Employee Rate
|
11% up to £670 (1% above this level)
|
11% up to £770 (1% above this level)
|
|
Lower Earnings Limit
|
£ 87 pw
|
£ 90 pw
|
Earnings threshold (ET)
|
£ 100 pw
|
£ 105 pw
|
Employer Rate above ET
|
12.8%
|
12.8%
|
|