Week 56 payments

Week 56 payments Background Most employees are entitled to a certain amount of pay before paying tax. This is called the ‘Personal Allowance’. In 2018-19 the personal allowance was £11,850. When calculating PAYE tax, the Personal Allowance is divided by the usual number of pay periods in the year in order to calculate the tax-free…

Maternity Leave

Maternity Abbreviations SMP            Statutory Maternity Pay EWC           Expected Week of Confinement – ‘week baby is due’ QW             Qualifying Week, 15th week before the baby is due LEL             Lower Earnings Limit, minimum average earnings level MAT B1       Certificate of pregnancy MPP            Maternity Pay Period KIT Days     Keep In Touch Days Proof of pregnancy Form MAT B1…

Rates & Allowances

Rates & Allowances Tax The standard Personal Allowance is £12,570 which is the amount of income you don’t have to pay any tax on. That’s £242 per week.   National Insurance  You pay National Insurance contributions to qualify for the State Pension. You pay National Insurance if you’re 16 or over and either: an employee…

SSP – Statutory Sick Pay

SSP Abbreviations SSP    Statutory Sick Pay LEL    Lower Earnings Limit WDs  Waiting Days PIW   Period of Incapacity for work QDs   Qualifying Days NICs  National Insurance Contributions Lower Earnings Limit This is the minimum level of earnings that employees need to qualify for benefits, it is also the level that employee’s average weekly earnings must reach…