MIME-Version: 1.0 Content-Location: file:///C:/E6889D98/Appendix.htm Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="us-ascii" Appendix

Appendix

 

UK T= ax Rates and Allowances: 2006/7 to 2008/9

 = ;

Rates Bands, allowances, etc.   &n= bsp;          

 = ;            &n= bsp;            = ;            &n= bsp;         2006/7 &n= bsp;            = ;            &n= bsp;  2007/8        &= nbsp;           &nbs= p;        2008/9

 = ;            &n= bsp;            = ;            &n= bsp;         £=         &= nbsp;           &nbs= p;       £        &= nbsp;           &nbs= p;       £        &= nbsp;   

Income Tax        &= nbsp;           &nbs= p;            &= nbsp;           &nbs= p;      

Personal allowance        &= nbsp;           &nbs= p;       5,035        &= nbsp;            5,225        &= nbsp;            5,435

Starting rate band        &= nbsp;     10%       2,150=         &= nbsp;            2,230        &= nbsp;            (1)

Basic rate band (2)        &= nbsp;    20%       31,15= 0        &= nbsp;          32,370        &= nbsp;          36,000

Higher rate:        &= nbsp;           &nbs= p;    40%

Normal higher rate threshold:     &nb= sp;    38,335        &= nbsp;          39,825        &= nbsp;          41,435

 

National Insuran= ce Contributions

Class 1 – Prima= ry        &= nbsp;      11%       )        &= nbsp;     On earnings between earnings threshold and<= /span>

Class 4        &= nbsp;           &nbs= p;             = 8%         = )        &= nbsp;     upper earnings limit.

Earnings threshold        &= nbsp;           &nbs= p;       5,035        &= nbsp;            5,225        &= nbsp;            5,435

Upper earnings limit<= span style=3D'mso-tab-count:2'>        &= nbsp;           &nbs= p;    33,540        &= nbsp;          34,840        &= nbsp;          40,040

Class 1 – Secon= dary        &= nbsp;   12.8%    - On earnings above ear= nings threshold.

Class 1 = & Class 4  1%         - On earni= ngs above upper earnings limit.

 

Class 2 – per w= eek        &= nbsp;           &nbs= p;         2.10        &= nbsp;           &nbs= p;  2.20        &= nbsp;           &nbs= p;  2.30

Small earnings except= ion   4,465            =          4,635        &= nbsp;            4,825

Class 3 – per w= eek        &= nbsp;           &nbs= p;         7.55        &= nbsp;           &nbs= p;  7.80        &= nbsp;           &nbs= p;  8.10

 

Pension Contribu= tions

Annual allowance        &= nbsp;           &nbs= p;         215,000        &= nbsp;        225,000        &= nbsp;        235,000

Lifetime allowance        &= nbsp;           &nbs= p;        1.5M        &= nbsp;           &nbs= p; 1.6M        &= nbsp;           &nbs= p; 1.65M

 

Capital Gains Ta= x

Annual exemption:

Individuals        &= nbsp;           &nbs= p;            &= nbsp;       8,800        &= nbsp;            9,200        &= nbsp;            9,600

Trusts        &= nbsp;           &nbs= p;            &= nbsp;           &nbs= p;   4,400        &= nbsp;            4,600        &= nbsp;            4,800

 

Inheritance Tax<= o:p>

Nil Rate Band        &= nbsp;           &nbs= p;            &= nbsp;  285,000        &= nbsp;        300,000        &= nbsp;        312,000

Annual Exemption        &= nbsp;           &nbs= p;       3,000        &= nbsp;            3,000        &= nbsp;            3,000

 

Pen= sioners, etc.        &= nbsp;           &nbs= p;            &= nbsp;           &nbs= p;           

Age allowance: 65-74<= span style=3D'mso-tab-count:2'>        &= nbsp;           &nbs= p;    7,280        &= nbsp;            7,550        &= nbsp;            9,030

Age allowance: 75 and= over        &= nbsp;     7,420        &= nbsp;            7,690        &= nbsp;            9,180

MCA: born before 6/4/= 1935        &= nbsp;     6,065        &= nbsp;            6,285        &= nbsp;            6,535

MCA: 75 and over        &= nbsp;           &nbs= p;        6,135        &= nbsp;            6,365        &= nbsp;            6,625

MCA minimum    (3)            =              2,350        &= nbsp;            2,440        &= nbsp;            2,540

Income limit        &= nbsp;           &nbs= p;            &= nbsp;     20,100        &= nbsp;          20,900        &= nbsp;          21,800

Blind Person’s Allowance  1,660        &= nbsp;            1,730        &= nbsp;            1,800

 

 

Notes=

1.   &n= bsp;   For 2008/9, a 10% starting rate band of £2,320 applies to interest and other savings income only.<= /span>

2.   &n= bsp;   Basic rate on income other than interest, dividends and other savings income is 22% until 5 April 2008. The rate appl= ying to dividends is 10%.

3.   &n= bsp;   The Married Couples Allowance, ‘MCA̵= 7;, is given at a rate of 10%.