JMA News

Rates & Allowances


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 earning above £242 a week
  • self-employed and making a profit of £12,570 or more a year

You need a National Insurance Number before you can start paying National Insurance contributions.

If you earn between £123 and £242 a week, your contributions are treated as having been paid to protect your National Insurance record.


Workplace pension contributions

The minimum your employer pays You pay Total minimum contribution
From April 2020 3% 5% 8%

Your employer must contribute the minimum amount if you earn more than:

  • £520 per month
  • £120 per week
  • £480 per 4 weeks

They do not have to contribute anything if you earn these amounts or less.