Here is a selection of the most popularly requested data. All figures are annual unless stated otherwise.
TAX YEAR 2007/08
Personal Allowances
General
£5225
Aged 65-74 £7550
Aged 75 and over
£7690
Age allowance income limit £20900
Income Tax Rates
£0 to £2230
10%
£2231 to £34600 22%
Over £34600
40%
National Insurance (self employed)
Class 2 - contributions
(per week) £2.20
Class
4 - Profits 0 to £5224 0%
Class 4 - Profits £5225 to £34840 8%
Class 4 - Profits over £34840 1%
.
.
This is not an exhaustive list of all the tax rates and allowances. Further details are available from the HM
Revenue & Customs website. To access this, please click on the link below:
