UK Payroll Facts 2015/16 | Sussex Payroll

UK Payroll Facts 2015/16 – Sussex Payroll

Standard tax code is 1060L. This means £10,605 annual earnings allowance.

Tax Bands & Rates

2015-16

Bandwidths

Tax Rate

Taxable earnings

0-£31,785

20%

Taxable earnings

£31,786 – £150,000

40%

Taxable earnings

£100,000 – £150,000

40% reducing personal allowances

Taxable earnings over

£150,000

45% no allowances

Statutory Payments

Statutory Sick Pay up to 28 Weeks (no reimbursement)

£88.45 per week

£17.69 per day (5 day week)

Statutory Maternity/Adoption Pay paid for 39 Weeks

First 6 weeks 90% of average weekly earnings

then 33 weeks at £139.58 or average weekly earnings if less

Statutory Paternity Pay 1 or 2 consecutive weeks

£139.58 or average weekly earnings if less

Small Employer Threshold

Less than £45,000 of previous year’s NIC

Recover 100% plus 3% compensation

Large Employer

Only on SMP/SPP/SAP

92% recovery

National Minimum Wage

Rate Per Hour

October-2013

October-2014

age 16-17

£3.72

£3.79

age 18-20

£5.03

£5.13

age 21 and above

£6.31

£6.50

Apprentice

2.68

2.73

National Insurance Earnings

Per Week

Per Month

Per Annum

Employees

Employers

Lower Earnings Limit (LEL)

£112

£486

£5,824

Nil

Primary Threshold (PT)

£155

£672

£8,060

12%

13.8%

Secondary Threshold (ST)

£156

£676

£8,112

12%

13.8%

Upper Accrual Point (UAP)

£770

£3,337

£40,040

12%

13.8%

Above Upper Earnings Limit (UEL)

£815

£3,532

£42,385

13.8%

Less up to £2000 Annual Employment Allowance

Other rates

Statutory Redundancy maximum 20 weeks

06/04/2015 £475 per week

Student Loan earnings above £17,335

9% Deduction

Childcare Vouchers (Salary Sacrifice)

Maximum £243 per month (£55 per week) 20%
Maximum £124 per month (£28 per week) 40%
Maximum £97 per month (£22 per week) 50%

Employee Vehicle Mileage Payments for business travel

Motor Cars and Vans

First 10,000 business miles*

45p per mile

Over 10,000 business miles

25p per mile

Motorcycles

24p per mile

Cycles

20p per mile

* For National Insurance purposes, the higher rate applies to all miles, not only the first 10,000.