Payne Sherlock Chartered accountants Chichester
accountants West Sussex




















2005/06 Rates and Allowances

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Selected Rates


  Weekly Benefit
  2005/06 2004/05
Basic Retirement Pension    
Single person £82.05 £79.60
Married couple £131.20 £127.25
Child Benefit    
First eligible child £17.00 £16.50
Each subsequent child £11.40 £11.05
Statutory Sick Pay (SSP)    
Average weekly earnings £82 or over (2004/05 £79) £68.20 £66.15
Statutory Maternity Pay (SMP)    
90% of average weekly pay First 6 weeks  
Maximum £106.00. Minimum 90% average weekly pay Next 20 weeks  
Mimimum rate £73.80 £71.10
Adoption Pay (SAP) 26 weeks  
Paternity Pay (SPP) 1 week or fortnight  
Both SAP and SPP    
90% of average weekly pay Max £106.00
Min £73.80
Max £102.00
Min £71.10
Example rates:
Jobseekers Allowance    
Single person £56.20 £55.65
Married couple £88.15 £87.30
National Minimum Wage    
From 1 October 2005 Over 21 £5.05 p.h.
18 - 21 £4.25 p.h.
16 and 17 £3.00 p.h.
From 1 October 2004 Over 21 £4.85 p.h.
18 - 21 £4.10 p.h.
16 and 17 £3.00 p.h.

Did you know?

That approximately half of all pensioners pay no income tax, or that half of all pensioners have an income of less than £136 a week.



Business: 
Personal:  Introduction to the Tax System | Planning Aspects | Home Aspects
Pensions | Aspects of Investments and Investing | VCT & EIS
Tax:  Budget Report | Tax Guide | Financial Planning Guide
Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning





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