This page has not been adjusted to reflect the changes proposed in the 2008 Finance Act

These are the rates that we really pay

# Upper rate for National Insurance (NI) 1%
# Taper rate for family element of Child Tax Credit 6.67%
# Class 4 rate of NI 8%
# Contracted out employee rate of Class 1 NI 9.4%
# Starting rate of income tax 10%
# Not contracted out employee rate of Class 1 NI 11%
# Savings rate of income tax 20%
# Basic rate of income tax 22%
# Higher rate on dividends 32.5%
# Taper rate for all other tax credits 37%
# Higher rate of income tax 40%
# Capital gains tax rates from 0% to 64%
# Rates applicable to trusts 25% and 34%