Statutory Pay, Minimum Wage and Deduction Thresholds 2021-22

  • Personal Allowance is £12,570 for the year.  Employees can earn £1,048 monthly or £242 weekly free of tax
  • The standard tax code is 1257L
  • 20% tax is due on earnings between £12,571 and £37,700 per year
  • 40% tax is due on earnings between £37,701 and £150,000 per year
  • 45% tax is due on earnings in excess of £150,000 per year

  • Employer National Insurance contributions at 13.8% are due on employee's earnings over £8,840 per annum, £737 per month or £170 per week
  • No Employer NI contributions are due on earnings of apprentices under 25, employees aged under 21, or veterans of the Armed Forces in the first 12 months of their civilian employment
  • Employee National Insurance contributions at 12% are due on their earnings over £9,568 per annum, £797 per month or £184 per week

  • Statutory Sick Pay (SSP) is £96.35 per week.  The amount due to the employee is based on the number of working days in the week.
  • Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Adoption Pay (SAP), Statutory Shared Parental Pay (ShPP) and Statutory Parental Bereavement Pay (SPBP)  is 90% of the employee's average weekly earnings for the first 6 weeks followed by £151.97 per week or 90% of the employees average weekly earnings (whichever is the lower) 
  • Employers can recover 92% of Statutory payments (excluding SSP) if Class 1 NICs for the previous tax year are £45,000 or above but can recover 103% if they are below £45,000 for the previous tax year.

  • Age 23+ - £8.91 per hour
  • Age 21-22 - £8.36 per hour
  • Age 18-20 - £6.56 per hour
  • Age under 18 - £4.62 per hour
  • Apprentice under 19 or over 19 in this first year of apprenticeship - £4.30 per hour

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Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

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