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Tax tables and allowances 2007 / 2008

Personal Allowance 2009/10 (Source: Inland Revenue)

	2008-09 (£)	2009-10 (£)
Personal allowance	6,035	6,475

Income tax rates and taxable bands

	2008-09 (£)	2009-10 (£)
Starting rate for savings: 10%*	0-2,320	0-2,440
Basic rate: 20%	0-34,800	0-37,400
Higher rate: 40%	Over 34,800	Over 37,400

* From 2008-09 there is a 10% starting rate for savings income only. If your non-savings income is above this limit then the 10% starting rate for savings will not apply.

Dividend Tax Rates

The rates available for dividends are the 10% ordinary rate and the 32.5% dividend upper rate. National Insurance Contributions (NICs)

£ per week	2007-08 (£)	2008-09 (£)	2009-10 (£)
Lower earnings limit, primary Class 1	87	90	95
Upper earnings limit, primary Class 1	670	770	844
Upper accruals point	n/a	n/a	770
Primary threshold	100	105	110
Secondary threshold	100	105	110
Employees' primary Class 1 rate between primary threshold and upper earnings limit	11%	11%	11%
Employees' primary Class 1 rate above upper earnings limit	1%	1%	1%
Employers' secondary Class 1 rate above secondary threshold	12.8%	12.8%	12.8%
Class 2 rate	2.20	2.30	2.40
Class 2 small earnings exception	4,635 per year	4,825 per year	5,075 per year
Class 3 rate	7.80	8.10	12.05
Class 4 lower profits limit	5,225 per year	5,435 per year	5,715 per year
Class 4 upper profits limit	34,840 per year	40,040 per year	43,875 per year
Class 4 rate between lower profits limit and upper profits limit	8%	8%	8%
Class 4 rate above upper profits limit	1%	1%	1%

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