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Tax year 2010-11 |
Tax year 2011-12 |
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| Basic rate | 20% up to £37,400 |
20% up to £35,000 |
| Higher rate | 40% over £37,400 |
40% over £35,000 |
| Additional rate | 50% over £150,000 |
50% over £150,000 |
| Personal allowances: | ||
| Under 65 | £6,475 |
£7,475 |
| 65-74 | £9,490 |
£9,490 |
| Over 75 | £9,640 |
£10,090 |
| Savings and Dividend rates - please contact us | ||
Employee National Insurance Contributions:
| Employee | |
|---|---|
Payable on weekly earnings up to £139 |
0% |
- £139.01 to £817 |
12% |
- Over £817 |
2% |
Class 1A |
Nil |
Class 2 Self employed |
£2.50 |
Class 2 Limit of net earnings for exception |
£5,315 |
Class 3 Voluntary |
£12.60 per week |
Class 4 Self employed on profits (£7,225 - £42,475) |
9% |
Excess over £42,475 |
2% |
Key dates
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Next stepFor a no-obligation quote and meeting please call us on 0151 356 1496. |












