Blue Spire LLP - Talking Money.....

Allowances & Reliefs	2003-2004	2004-2005
Personal allowance	£4,615.00	£4,745.00
Personal allowance 65-74	£6,610.00	£6,830.00
Personal allowance 75+	£6,720.00	£6,950.00
Married couple's allowance*	£2,150.00	£2,210.00
...if older partner aged 65-74*	£5,565.00	£5,725.00
...if older partner aged 75+*	£5,635.00	£5,795.00
Blind person's allowance	£1,510.00	£1,560.00
Widow's bereavement allowance*
Age allowance withdrawn (to personal allowance levels) by £l for every £2 of income over	£18,300.00	£18,900.00
* = Relief given at 10% since 1999/2000.

National Insurance
Class 1 Limits & Scale Conversion	2003-2004	2004-2005
Lower/Upper limit (weekly)	£89-£595	£91-£610
Lower/Upper limit (monthly)	£385-£2,579	£395-£2,642
Lower/Upper limit (annually)	£4,615-£30,940	£4,740-£31,700

If earnings are above the lower limit, the following figures apply:
Class 1 (Employee)- contracted in	2003-2004	2004-2005
Below Lower Limit	0%	0%
Within Limits	11%	11%
Above Upper Limit	1%	1%

Class 1 (Employee)- contracted out	2003-2004	2004-2005
Below Lower Limit	0%	0%
Within Limits	9.4%	9.4%
Above Upper Limit	1%	1%

Class 1 (Employer)- Contracted In Employee's Weekly Earning Bands	2003-2004	2004-2005
Band 1	over £89	over £91

Class 1 (Employer)- contracted in	2003-2004	2004-2005
Band 1	12.8%	12.8%

Class 1 (Employer)- contracted out ex. Money-purchase schemes	2003-2004	2004-2005
Band 1	£89 -£594.99 = 9.3% £595+ = 12.8%	£91 -£609.99 = 9.3% £610+ = 12.8%

Class 1 (Employer)- contracted out ex. Money-purchase schemes	2003-2004	2004-2005
Band 1	£89 -£594.99 = 11.8% £595+ = 12.8%	£89 -£609.99 = 11.8% £610+ = 12.8%

Class 2 (Self Employed)	2003-2004	2004-2005
Zero-Rated Allowance	£4,095p.a.	£4,215p.a.
Rate Payable	£2.00pw	£2.05pw

Class 3 ( Voluntary)	2003-2004	2004-2005
Rate Payable	£6.95pw	£7.15pw

Class 4 (Self-Employed, additional levy)	2003-2004	2004-2005
Band	£4,615-£30,940	£4,745-£31,720
Rate Payable	8%	8%
Tax Treatment	no relief	no relief
Above upper limit	1%	1%