Payroll – Rates and Limits

TAX

Basic Personal Allowance                             £10,000

Income Limit for Personal Allowance         £100,000

Emergency Tax Code                                     1000L

20% Basic Rate                                               £0 – £31,865

40% Higher Rate                                            £31,866 – £150,000

45% Additional Rate                                     Over £150,000

 

NATIONAL INSURANCE

Lower Earnings Limit                                    £111 per week

Upper Earnings Limit                                    £805 per week

Percentage Rates remain unchanged at 13.8% Employer and 12% Employee to UEL then 2%.

 

STATUTORY PAYMENTS

QUALIFYING EARNINGS LEVEL                    £111 per week

Statutory Sick Pay                                         £87.55 per week

Statutory Maternity Pay                              6 weeks @ 90% of average weekly earnings

                                                                         33 weeks @ lesser of 90% of AWE or £138.18

Statutory Adoption Pay                               39 weeks @ lesser of 90% of AWE or £138.18

Statutory Paternity Pay                               2 weeks @ lesser of 90% of AWE or £138.18