Can't find them in the HMRC archive - could anyone point me to the rates and allowances for PAYE tax for the 2007/2008 and 2008/2009 tax years?
Many thanks
Can't find them in the HMRC archive - could anyone point me to the rates and allowances for PAYE tax for the 2007/2008 and 2008/2009 tax years?
Many thanks
Thanks, that's what I'm looking for. One question though, they say that for
2008-09, there is a 10% rate for savings between 0 and 2320, but if you earn over this in non savings income, the rate doesn't apply.I read this as being that if you earn more than 2320 in your employment, you will pay 20% tax on your savings income too, yes?
That's on the current version of the page, as well. I would say that your interpretation was correct. I assume that the 10% was retained for
people on a only a state pension, plus savings interest.
Incidentally, I think you will find that all the historic information is
on the HMRC including the calculation guide, although the latter may have got lot from the indexing in their new image web site! The 2008 calculation gudie is findable.
That's on the current version of the page, as well. I would say that your interpretation was correct. I assume that the 10% was retained for people on a only a state pension, plus savings interest.
Incidentally, I think you will find that all the historic information is on the HMRC site, including the calculation guide, although the latter may have got lost from the indexing in their new image web site! The
2008 calculation guide is findable. [too many late night typos last time]
Correct - although you can still earn up to your allowance (£5k or so) in non-savings income but still get the 10% rate on the first £2.3k of your savings income. It's only when your non-savings income exceeds allowance + £2320 that you lose the 10% savings rate.
My wife has non-savings income which is more than her allowance, but less than her allowance + £2.3k (or whatever, in the appropriate tax year) - so still gets *some* of her savings income taxed at 10%, but not the full £2.3k's worth. I only discovered this when I filled in an on-line assessment form on her behalf, and it came up with a tax bill which was less than I was expecting, because I had assumed that her non-savings income would make her ineligible for *any* 10% rate.
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