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 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 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 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…