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

From 1st April 2019

£8.21 (age 25+)

£7.70 (age 21-24)

£6.15 (age 18-20)

£4.35 (age 16-17) 

£3.90 (apprentices aged under 19 or over 19 in their first year of apprenticeship) 

Previous Rates - 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 who are under 19 or over 19 and in their first year of apprenticeship)

 

 

Pay Rates and Thresholds 2019-20

PAYE & NIC Rates

From 6th April 2019 to 5th April 2020

  • Emergency & Standard Tax Code - 1250L
  • Employees with a standard tax code can earn £1,042 per month or £240 per week tax free
  • 20% tax is due on earnings between £12,501 and £37,500 per annum 
  • 40% tax is due on earnings between £37,501 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 £719 per month or £166 per week
  • Employees earning below £512 per month or £118 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 earning under £50,000 per annum
  • Employment allowance up to £3,000 can be claimed against employers NI (some restrictions apply)

 


Statutory Payments

From 6th April 2019 to 5th April 2020

  • SSP is £94.25 per week
  • SMP for first 6 weeks is 90% of average weekly earnings
  • SMP/SPP/SAP is £148.68 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 2019 to 5th April 2020

  • Deductions are at 9% on earnings over £1577.91 per month (Plan 1) or £2143.75 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