UK budget

SNOWDON CONSULTANTS NEWSLETTER

Information exchange

WITH-HOLDING TAX AUTOMATICALLY DEDUCTED

Various topics outlined here, what would you like to read about next time? Send an email

Offshore matters in brief, more info available

SnowdonConsultants.com - Umbrella & more

If you can not read this newsletter properly, click here

SnowdonConsultants.com newsletter.

UK 2006 / 2007 Budget
April 2006

What are the changes?

Summary of allowances and tax rates & bands

Personal allowances are up to 5,035 from 4,895 [2005/2006]

Income tax % and rates:

10% on first 2,150 of taxable income pa over 5,035 as above

22% on next 31,150 of taxable income pa

40% on everything above 33,300 of taxable income pa

National insurance % and rates

Employed personnel will pay the following:

First 84.00 per week is NI exempt

11% of earnings from 97.01 up to 645 per week

1% of earnings on everything above 645 per week

Do you know the implications on you?

EU SAVINGS TAX DIRECTIVE
Effective since 1st July 2005

What are the implications now?

Tax on savings interest

Comments? Bugs? Email postmaster@ snowdonconsultants.com.