Archive for April, 2014

Income Tax Rates & Allowances and NIC’s Rate for 2014/15 from 6th April 2014

Income Tax Rates 20% Basic Rate: £0 – £31,865 40% Higher Rate: £31,866 – £150,000 45% Additional Rate: £150,000+ Income Tax Allowances Personal Allowance upto age 65 £10,000, age 65-74 £10,500, age 75+ £10,660 (income limit for age related allowances is £27,000).  Married Couples allowance age 75+ £8,165 (minimum amount of MCA £3,140), Blind Persons Allowance £2,230. National Insurance Rates Class 1: Lower Earnings Limit (LEL) £111, Primary Earnings Threshold (PET) £153, Secondary Earnings Threshold (SET) £153, Upper Accrual Point (UAP) £770, Upper Earnings Limit (UEL) £805. Class 2: £2.75 per week, Small Earnings Exception £5,885 per annum, Special Rate…

Top
Page 1 of 1

Call Kent Payroll Bureau on 0333 320 7032

or Email payroll@kentpayrollbureau.co.uk