2006-07 & 2005-06

Personal allowances

  2006~07 2005~06 Increase
Personal allowance £5,035 £4,895 140
Blind person's allowance £1,660 £1,610 50
Age allowance income limit £20,100 £19,500 600
Age related allowances
Personal allowance 65 - 74 £7,280 £7,090 190
Personal allowance 75+ £7,420 £7,220 200
Married couple's allowance DOB prior 6/4/1935 £6,065 £5,905 160
Married couple's allowance 75+ £6,135 £5,975 160
Minimum married couple allowance £2,350 £2,280 70

Tax

  2006~07 2005~06 Increase
Lower rate from 10% £0 10% £0 - -
to £2,150 £2,090 60
Savings
Dividends
Basic rate from 22% £2,151 22% £2,091 -  
to £33,300 £32,400 900
Savings 20% 20% -
Dividends 10% 10% -
Higher rate from 40% £33,301 40% £32,401 - 900
Savings 40% 40% -
Dividends 32.5% 32.5% -

NI

  2006~07 2005~06 Increase
Class 1 - employee
Lower earnings limit (LEL) £84 per wk £82 per wk 2
Employees earnings threshold (ET) £97 per wk £94 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) £645 per wk £630 per wk 15
Class 1 - employer
Earnings threshold (ET) £97 per wk £94 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 £2.10 per wk -
Small earnings exception limit £4,465 pa £4,345 pa 120
Class 3: voluntary contribution
Flat rate £7.55 per wk £7.35 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) £5,035 pa £4,895 pa 140
Upper profits limit (UPL) £33,540 pa £32,760 pa 780