£18,605 is based on the 2007/08 figures (personal allowance £5225, 10% on the next £2230). £18,605 = £5,225 + £13,380 = £5,225 + £2,230 + £11,150 and 0.2 * £13,380 = £2,676 = 0.1*£2,230+0.22*£11,150.
Also ignores NI; if there's a change to NI below the current UEL then I missed it.
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Date: 2007-03-21 05:19 pm (UTC)£18,605 is based on the 2007/08 figures (personal allowance £5225, 10% on the next £2230).
£18,605 = £5,225 + £13,380 = £5,225 + £2,230 + £11,150 and 0.2 * £13,380 = £2,676 = 0.1*£2,230+0.22*£11,150.
Also ignores NI; if there's a change to NI below the current UEL then I missed it.