Standard tax code is 1185L. This means £11,850 annual earnings allowance.
Tax Bands & Rates
2018-19
Bandwidths
Tax Rate
Taxable earnings
0-£34,500
20%
Taxable earnings
£34,501 – £100,000
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)
£92.05 per week
£18.41 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 £145.18 or average weekly earnings if less
Statutory Paternity Pay 1 or 2 consecutive weeks
£145.18 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
April-2017
April-2018
age 16-17
£4.05
£4.20
age 18-20
£5.60
£5.90
age 21 to 24
£7.05
£7.38
Apprentice
3.50
3.70
National Living Wage
Rate Per Hour
£7.50
£7.83
National Insurance Earnings
Per Week
Per Month
Per Annum
Employees
Employers
Lower Earnings Limit (LEL)
£116
£503
£6,032
Nil
Nil
Primary Threshold (PT)
£162
£702
£8,424
12%
13.8%
Secondary Threshold (ST)
£162
£702
£8,424
12%
13.8%
Above Upper Earnings Limit (UEL)
£892
£3,863
£46,350
2%
13.8%
Less up to £3000 Annual Employment Allowance
Other rates
Statutory Redundancy maximum 20 weeks
06/04/2017 £489 per week
Student Loan Plan 1 earnings above £18,330 or Plan 2 earnings above £25,000
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) 45%
Maximum £124 per month (£28 per week) 40%
Maximum £97 per month (£22 per week) 45%
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.