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| April 2007 pre-budget announcements Income Tax Personal allowance for those under 65 years increases to £5,225 (new single persons Tax Code 522L), 65 years to 74 years increases to £7,550, 75 years and over increases to £7,690. National Insurance LEL increases to £87 per week, ET increases to £100 per week, UEL increases to £670 per week. There have been no increases to the percentage contribution rates. However the employer contracted-out rebate for salary related schemes has increased by 0.2% to 3.7% and employer contracted-out rebate for money-purchase schemes has increased by 0.4% to 1.4%. Statutory Payments Statutory sick pay increases to £72.55 per week. Statutory maternity, paternity and adoption pay increases to £112.75. close article |
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