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