info@sandrasilk.co.uk
Call us on 01722 341820
  • We will deal with HMRC for you
  • Support with PAYE
  • Do you need to run a payroll but don't know how?
  • Is your payroll ready for Staging Date?
We will deal with HMRC for you Support with PAYE Do you need to run a payroll but don't know how? Is your payroll ready for Staging Date?
Minimum Wage

From 1st April 2018

£7.83 (age 25+)

£7.38 (age 21-24)

£5.90 (age 18-20)

£4.20 (age 16-17) 

£3.70 (apprentices aged under 19 or over 19 in their first year of apprenticeship) 

Previous Rates - From 1st April 2017

£7.50 (age 25+)

£7.05 (age 21-24)

£5.60 (age 18-20)

£4.05 (age 16-17)

£3.50 (apprentices who are under 19 or over 19 and in their first year of apprenticeship)

 

 

Pay Rates and Thresholds 2018-19

PAYE & NIC Rates

From 6th April 2018 to 5th April 2019

  • Emergency & Standard Tax Code - 1185L
  • Employees with a standard tax code can earn £988 per month or £228 per week tax free
  • 20% tax is due on earnings between £11,850 and £34,500 per annum 
  • 40% tax is due on earnings between £34,501 and £150,000 per annum
  • 45% tax is due on earnings over £150,000 per annum
  • Employee and employer NIC is due on earnings over £702 per month or £162 per week
  • Employees earning below £503 per month or £116 per week will be below the threshold for NICs
  • Employers contributions are 13.8%
  • Employee contributions are 12%
  • No NI contributions are due for employees aged under 21 or apprentices aged under 25
  • Employment allowance up to £3,000 can be claimed against employers NI (restrictions apply)

 


Statutory Payments

From 6th April 2018 to 5th April 2019

  • SSP is £92.05 per week
  • SMP for first 6 weeks is 90% of average weekly earnings
  • SMP/SPP/SAP is £145.18 or 90% of average weekly earnings whichever is lower
  • 92% of SMP/OSPP/ASPP/SAP can be recovered if your total Class 1 NICs are above £45,000 for the previous tax year
  • 103% of SMP/OSPP/ASPP/SAP can be recovered if your total Class 1 NICs are £45,000 or lower for the previous tax year

Student Loans

From 6th April 2018 to 5th April 2019

  • Deductions are at 9% on earnings over £1527.50 per month (Plan 1) or £2083.33 per month (Plan 2)
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Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

e: info@sandrasilk.co.uk
t: 01722 341820