Workplace Pension

 New minimum contributions effective 6th April 2018

 Pension based on qualifying earnings

 Employer - 2%

 Employee - 2.4%

 Government applies tax relief of 0.6%

 Total - 5%

 Pension based on pensionable earnings

 Employer - 2%

 Employee - 2.40%

 Government applies tax relief of 0.6%

 Total - 5%

Minimum wage effective 6th April 2018

Over 25 - £7.83 per hour

21-24    - £7.38 per hour

18-20    - £5.90 per hour

Under 18  £4.20 per hour

Apprentices £3.70 per hour

2018/19 Changes

Personal Allowance - £11,850 pa

SSP - £92.05 Standard rate

SMP - £145.18

Standard Tax Code 1185L

Student Loan Thresholds

Plan Type 1 - £18,330

Plan Type 2 - £25,000

Employment Allowance - £3000

Income Tax Rates

Basic rate 20% - £1 - £34,500

Higher rate 40% - £34,501 - £150,000

Additional rate 45% - 150,001 and above

GDPR (General Data Protection Regulation)

Comes into effect from 25th May 2018

Our Privacy Policy is available under GDPR on the website