2005-06 & 2004-05

Personal allowances

  2005~06 2004~05 Increase
Personal allowance £4,895 £4,745 150
Blind person's allowance £1,610 £1,560 50
Age allowance income limit £19,500 £18,900 600
Age related allowances
Personal allowance 65 - 74 £7,090 £6,830 260
Personal allowance 75+ £7,220 £6,950 270
Married couple's allowance DOB prior 6/4/1935 £5,905 £5,725 180
Married couple's allowance 75+ £5,975 £5,795 180
Minimum married couple allowance £2,280 £2,210 70

Tax

  2005~06 2004~05 Increase
Lower rate from 10% £0 10% £0 - -
to £2,090 £2,020 70
Basic rate from 22% £2,091 22% £2,021 -  
to £32,400 £31,400 1000
Savings 20%   20%   -  
Higher rate from 40% £32,401 40% £31,401 - 1000

NI

  2005~06 2004~05 Increase
Class 1 - employee
Lower earnings limit (LEL) £82 per wk £79 per wk 3
Employees earnings threshold (ET) £94 per wk £91 per wk 3
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 earnings limit (UEL) £630 per wk £610 per wk 20
Class 1 - employer
Earnings threshold (ET) £94 per wk £91 per wk 3
Rate above ET
(not contracted-out)		 12.8% 12.8% -
Rate between ET and UEL
(contracted-out)		 9.3% 9.3% -
Rate in excess of UEL
(contracted-out)		 12.8% 12.8% -
Class 1A
Rate 12.8% 12.8% -
Other taxed benefits in kind 12.8% 12.8% -
Class 1B
Rate 12.8% 12.8% -
Class 2
Main rate £2.10 per wk £2.05 per wk 0.05
Small earnings exception limit £4,345 pa £4,215 pa 130
Class 3: voluntary contribution
Flat rate £7.35 per wk £7.15 per wk 0.20
Class 4: self employed on profits
Rate between LPL and UPL 8% 8% -
Rate in excess of UPL 1% 1% -
Lower profits limit (LPL) £4,895 pa £4,745 pa 150
Upper profits limit (UPL) £32,760 pa £31,720 pa 1040