Income Tax, Per & married allowance 2007-08 2006-07 Change
Personal allowance (under 65) 5,225 5,035 190
Personal allowance (age 65 to 74) 7,550 7,280 270
Personal allowance (aged 75 and over) 7,690 7,420 270
Married couples allowance (aged 65-74) 6,285 6,065 220
Lower rate limit @ 10% 2,230 2,150 80
Basic rate limit @ 22% 34,600 33,300 1,300
NATIONAL INSURANCE CONTRIBUTIONS      
Earnings threshold £ per week 100 97 3
Upper earning threshold £ per week 670 645 25
Class 4 lower profits limit 5,225 5,035 190
Class 4 upper profits limit 34,840 33,540 1,300
CAPITAL GAINS TAX ANNUAL EXEMPT AMOUNT      
Annual exemption 9,200 8,800 400
INHERITANCE TAX THRESHOLD      
Nil rate Band 300,000 285,000 15,000
       


 
 

  
 
 
  
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