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Email a collegue.| Rates | 07-08 | 06-07 | |
| 10% on first | £2,230 | £2,150 | |
| 22% (20% for savings income) on next | £32,370 | £31,150 | |
| 40% on income over | £34,600 | £33,300 | |
| Dividends for: | basic rate taxpayers higher rate taxpayers |
10% 32.5% |
10% 32.5% |
| Trusts: | standard rate band generally dividends (rate applicable to trusts) other income (rate applicable to trusts) |
£1,000 32.5% 40% |
£1,000 32.5% 40% |
| Pre-owned assets tax (£5,000 minimum taxable) |
As income | ||
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If you pick the right people and give them the opportunity to spread their wings—and put compensation as a carrier behind it—you almost don't have to manage them
