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…

National Minimum Wage

National Minimum Wage and National Living Wage rates You must be at least: school leaving age to get the National Minimum Wage aged 25 to get the National Living Wage – the minimum wage will still apply for workers aged 24 and under Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice…

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 £12,500 which is the amount of income you don’t have to pay any tax on. That’s £240 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…