All posts in National Insurance

Tax Free Benefits

Rewards for employees where the employer and the employee benefit from cost savings include; Childcare Support Workplace Nursery Employee Travel Workplace Parking Staff Recognition Awards Gym Membership Employee Cars Mobile Phones Well-persons Check Private Healthcare Carbon off-setting Luncheon Vouchers Christmas Parties Meals in Staff Canteen Hot Drinks & Water at Work Car Clubs Professional Subscriptions Trivial Benefits upto £50 (inc High Street Vouchers) Training Long Service Awards Read more here  

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Income Tax Rates & Allowances and NIC’s Rate for 2015-16 from today

Income Tax Rates 20% Basic Rate: £0 – £31,785 40% Higher Rate: £31,786 – £150,000 45% Additional Rate: £150,000+ Income Tax Allowances Personal Allowance for anyone born after 1938 £10,600, born before 1938 £10,660, (income limit for age related allowances is £27,700).  Blind Persons Additional Allowance £2,290. National Insurance Rates Class 1: Lower Earnings Limit (LEL) £112, Primary Earnings Threshold (PET) £155, Secondary Earnings Threshold (SET) £156, Upper Accrual Point (UAP) £770, Upper Earnings Limit (UEL) £815. Class 2: £2.80 per week, Small Earnings Exception £5,965 per annum, Special Rate for Share Fisherman £3.45 per week, Special Rate for Volunteer Development…

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