| |
|
 |
|
| |
2002/3 |
2001/2 |
Tax-free
allowances |
|
|
| Personal allowance (if under 65
yrs) |
£4,615 |
£4,535 |
| Personal allowance (65 to 74 yrs) |
£6,100 |
£5,990 |
| Personal allowance (75 yrs and
over) |
£6,370 |
£6,260 |
| |
|
|
Tax
bands |
|
|
| Starting rate band |
10% of £0 to £1,920 |
10% of £0 to £1,880 |
| Basic rate band |
22% (20% if savings income)
of £1,921 to £29,900 |
22% (20% if savings income)
of £1,881 to £29,400 |
| Higher rate band |
40% over £29,900 |
40% over £29,400 |
|
|
| |
2002/3 |
2001/2 |
Maximum
contributions
(as percentage of earnings)
|
| Age 35 and below |
17.5% |
17.5% |
| Age 36 to 45 |
20% |
20% |
| Age 46 to 50 |
25% |
25% |
| Age 51 to 55 |
30% |
30% |
| Age 56 to 60 |
35% |
35% |
| Age 61 or more |
40% |
40% |
| |
|
|
| Pensions earnings cap |
£97,200
|
£95,400 |
|
|
| |
2002/3 |
|
Authorised
mileage rates
(if employee uses private car for business
miles)
|
| Business mileage up to 10,000 miles
|
40p per mile |
|
Additional business mileage
over 10,000 miles |
25p per mile |
|
Each passenger making
same business trip |
5p per mile |
|
| |
|
|
Advisory
fuel rates
(if employer provides company car but
only reimburses for business mileage or if employee
repays cost of private fuel) |
Petrol - up to 1400cc
|
10p per mile |
|
Petrol - 1401 to 2000cc
|
12p per mile |
|
Petrol - over 2000cc
|
14p per mile |
|
Diesel - up to 2000cc
|
9p per mile |
|
| Diesel - over 2000cc |
12p per mile |
|
|
|
|
