Tax Rates & Allowances 2008/09

• Income Tax
• Pensions & Savings
• Vehicles
• Corporation Tax
• Main Capital Allowances
• Value Added Tax
• National Insurance
• Capital Gains Tax
• Inheritance Tax
• Stamp Taxes
• Selected Rates

Stamp Taxes
Stamp duty is payable at a rate of 0.5% on transfers of shares and securities. On the transfer of residential property, the stamp tax is:
Value	Stamp Tax
Up to £150,000	nil
Over £150,000 - £250,000	1%
Over £250,000 - £500,000	3%
Over £500,000	4%

Selected Rates
		£
Basic Retirement Pension	- Single Person	87.30
	- Married Couple	139.60
Child Benefit	- First eligible child	18.80
	- Each subsequent child	12.55
Statutory Pay Rates	average weekly pay £87 or over:
Sick(SSP)	Standard rate	72.55
Maternity(SMP)	90% of average weekly pay	First 6 weeks
	Max.£112.75 Min.90% average weekly pay	Next 20 weeks
	Minimum rate	78.30
Adoption(SAP)		26 weeks
Paternity(SPP)		1 week or fortnight
SAP/SPP - 90% of average weekly pay		Mx.£112.75. Min £78.30
Example Rates:
Jobseekers Allowance	- Single Person	59.15
	- Married Couple	92.80
National Minimum Wage	Age	Hourly Rate
From October 2006	16 and 17	£3.30
	18 - 21	£4.45
	Over 21	£5.35
From October 2007	16 and 17	£3.40
	18 - 21	£4.60
	Over 21	£5.52