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Rates & Allowances - Useful Rates

 

Rates & Allowances - 2007 / 2008

 

Useful Rates

 

 

 

 

Weekly Benefit

 

2007/08

2006/07

Basic Retirement Pension

 

 

Single person

£87.30

£84.25

Married couple

£139.60

£134.75

Child Benefit

 

 

First eligible child

£18.10

£17.45

Each subsequent child

£12.10

£11.70

Statutory Sick Pay (SSP)

 

 

Average weekly earnings £87 or over (2006/07 £84)

£72.55

£70.05

Statutory Maternity Pay (SMP)

 

 

90% of average weekly pay

First 6 weeks

First 6 weeks

Maximum £112.75 (2006/07 £108.85). Minimum 90% average weekly pay

Next 20 weeks

Next 20 weeks

Mimimum rate

£78.30

£75.60

Adoption Pay (SAP)

26 weeks

26 weeks

Paternity Pay (SPP)

1 week or fortnight

1 week or fortnight

Both SAP and SPP

 

 

90% of average weekly pay

Max £112.75
Min £78.30

Max £108.85
Min £75.60

Example rates:

Jobseekers Allowance

 

 

Single person

£59.15

£57.45

Married couple

£92.80

£90.10

National Minimum Wage

From 1 October 2007

From 1 October 2006

 

Over 21

£5.52 p.h.

£5.35 p.h.

18 - 21

£4.60 p.h.

£4.45 p.h.

16 and 17

£3.40 p.h.

£3.30 p.h.




 

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 Peria & Co  Accountants | Tax Advisers

29 Holme Chase St Georges Avenue Weybridge Surrey KT13 0BZ    t + 44  (0) 1932 827091   f + 44 (0) 1932 846864  info@peria.co.uk