Ver 3 Jan 08
 
 
Search NW Payroll for ...

Current Tax and NI rates

FAQ's
« View tax rate FAQ's »


All rates and allowances are available from the HMRC website on their Rates and Allowances page.

Personal allowances

 
Personal allowance £6,475 £6,475 -
Blind person's allowance £1,890 £1,890 -
Age allowance income limit £22,900 £22,900 -
Personal allowance 65 - 74 £9,490 £9,490 -
Personal allowance 75+ £9,640 £9,640 -
Married couple's allowance 75+ £6,965 £6,965 -
Income limit for personal allowance N/A £100,000 N/A
Minimum married couple allowance £2,670 £2,670 -

Tax

 
Start rate
Savings &
Dividends
from 10% £0 10% £0  - -
to £2,440 £2,440 -
Basic rate from 20% £0 20% £0 - -
to £37,400 £37,400 -
Savings 20% 20% -
Dividends 10% 10% -
Higher rate from 40% £37,401 40% £37,401 - -
Savings 40% £150,000 40% -
Dividends 32.5% 32.5% -
Additional rate from 50% £150,001 N/A N/A - -
Savings 50% N/A -
Dividends 42.5% N/A -

NI

 
Lower earnings limit (LEL) £97 per wk £95 per wk 2
Employees earnings threshold (ET) £110 per wk £110 per wk -
Rate up to LEL 0% 0% -
Rate between LEL and ET 0% 0% -
Rate between ET and UEL
(not contracted-out)
11% 11% -
Rate in excess of UEL 1% 1% -
Rate between ET and UEL (contracted-out) 9.4% 9.4% -
Upper accruals point £770 per wk £770 per wk -
Upper earnings limit (UEL) £844 per wk £844 per wk -
Earnings threshold (ET) £110 per wk £110 per wk -
Rate above ET
(not contracted-out)
12.8% 12.8% -
Rate between ET and UEL
(contracted-out)
9.1% 9.1% -
Rate in excess of UEL
(contracted-out)
12.8% 12.8% -
Rate 12.8% 12.8% -
Other taxed benefits in kind 12.8% 12.8% -
Rate 12.8% 12.8% -
Main rate £2.40 per wk £2.40 per wk -
Small earnings exception limit £5,075 pa £5,075 pa -
Flat rate £12.05 per wk £12.05 per wk -
Rate between LPL and UPL 8% 8% -
Rate in excess of UPL 1% 1% -
Lower profits limit (LPL) £5,715 pa £5,715 pa -
Upper profits limit (UPL) £43,875 pa £43,875 pa -


Valid HTML 4.01 Transitional. Check the results for your self. Valid 2.1 CSS. Check the results for your self. | Terms of service » | Copyright notice » | Disclaimer » | Privacy policy » | Contact us » |