NI Contributions for employer's and employee's

Income Tax Rates and Allowences
Table A - Allowances and Reliefs
Allowed at top rate tax	2007/08		2006/07
Personal Allowance	£5,225		£5,035
Personal Allowance (65-74)*	£7,550		£7,280
Personal Allowance (75 and over)*	£7,690		£7,420
Blind Pension's Allowance	£1,730		£1,660
Allowed at 10%
Married Couple's Allowance (64-74)*+	£6,285		£6,065
Married Couple's Allowance (75+)*+	£6,365		£6,135
Income limit for age-related allowances	£20,900		£20,100
+ Only availableif born before 6th April 1935 * Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,440 (2006/07: £2,350).
Bands	2007/08		2006/07
Lower	£2,230		£2,150
Basic	next £32,370		next £31,150
Higher	over £34,600		over £33,300
Rates differ for dividend, interest and other income within each band
Rates	2007/08	and	2006/07
	D	I	O
Lower	10%	10%	10%
Basic	10%	20%	22%
Higher	32.5%	40%	40%
Table B Personal Pensions
The maximum annual tax efficient gross contributions (up to 75) in 2007/08 are:
- individuals:	£3,600 or 100% of earnings to £225k
- employers:	£225k less employee contributions
Maximum tax efficient fund (lifetime allowance) where benefits are taken in 2007/08: £1.6m. Only current earnings count for the 100% limit. It is no longer possible to use prior earnings or to carry back contributions to earlier years.
Table C Benefits in kind
Car Benefits Assessment 2007/08
Charge based on a percentage of the initial list price of the car; the percentage depends on the carbon dioxide emissions ratings of the car, if it has one. For older cars without a rating the percentage depends on engine capacity. For 2007/08 the percentage for a petrol engine remains 15% for ratings up to 140g/km. The percentage increased by 1% for every complete 5g/km in excess of this (i.e. at 145,150 etc), to a maximum of 35%. Diesel cars have 3% added to this figure, but still have a maximum percentage of 35%.
Car Fuel Assessment
The benefit is calculated using the same percentage as that used for the car benefit, applied to a standard figure of £14,400. The taxable amount is therefore between £2,160 (15% - min.) and £5,040 (35% - max.).