Rates and thresholds

Rates amd thresholds contain...

PAYEPAYE or Pay as you earn is an HM Revenue and Customs’ (HMRC) system to collect Income Tax and National Insurance from employment. tax and Class 1Employees under State Pension age earning more than the threshold a week from one job - they’re automatically deducted by the employer.National InsuranceA system of contributions paid by workers and employers in the UK, which funds various state benefits, such as the State Pension and Jobseeker's Allowance. contributions

Tax thresholds, rates and codes

Class 1 National Insurance thresholds

Class 1 National Insurance rates

Class 1AEmployers pay these directly on their employee’s expenses or benefits. National Insurance — expenses and benefits

Class 1A National Insurance — termination awards and sporting testimonial payments

Class 1BEmployers pay these directly on their employee’s expenses or benefits. National Insurance — PAYE Settlement Agreements (PSAs)

National Minimum Wage

Statutory Maternity, Paternity, Adoption, Shared Parental and Parental Bereavement Pay

Statutory Sick PayStatutory sick pay refers to the pay an employer must give you if you’re too ill to work. It’s paid to you by your employer for up to 28 weeks, based on certain eligibility criteria - the cost of SSP is no longer able to be recovered - SSP is no longer reported to HMRC on your EPS submissions (SSPStatutory sick pay refers to the pay an employer must give you if you’re too ill to work. It’s paid to you by your employer for up to 28 weeks, based on certain eligibility criteria - the cost of SSP is no longer able to be recovered - SSP is no longer reported to HMRC on your EPS submissions)

Student loanA government loan that students can use to help pay for their education. and postgraduate loan recovery

Company cars — advisory fuel rates

Employee vehicles — mileage allowance payments

Employment AllowanceA scheme where a business can claim a reduction in the amount of employer's National Insurance contributions (NICs) they have to pay.

Apprenticeship LevyThe Apprenticeship Levy is a UK tax on employers which is used to fund apprenticeship training. It is payable by all employers with an annual pay bill of more than £3 million, at a rate of 0.5% of their total pay bill. It is collected through PAYE alongside other employment taxes.

Other rates

Expenses and benefits

Previous rates and thresholds

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