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CURRENT
LEGISLATION

UK-wide tax allowances

 2020-212021-2022
Personal Allowance£12,500 pa£12,570 pa
£1,042 pm£1,048 pm
£240 pw£242 pw
Income limit for Personal Allowance£100,000£100,000
Blind Person's Allowance£2,500£2,520
Marriage Allowance£1,250£1,260
Emergency tax code1250L1257L

Rates and thresholds

rUK taxpayers2020-212021-22
20% (basic rate)£1 - £37,500£1 - 37,700
40% (higher rate)£37,501 - £150,000£37,701 - £150,000
45% (additional rate)Over £150,000over £150,000

Scottish taxpayers (S prefix)2020-212021-22
19% (starter)£1 - £2,085£1 - £2,097
20% (basic)£2,086 - £12,658£2,098 - £12,726
21% (intermediate)£12,659 - £30,930£12,727 - £31,092
41% (higher)£30,931 - £150,000£31,093 - £150,000
46% (top)Over £150,000Over £150,000

Welsh taxpayers (C prefix)2020-212021-22
20% (basic rate)£1 - £37,500£1 - £37,700
40% (higher rate)£37,501 - £150,000£37,701 - £150,000
45% (additional rate)Over £150,000Over £150,000

National Insurance

2020-212021-22
Employment Allowance£4,000 pa£4,000 pa
Thresholds 2021-22
Class 1 National Insurance contribution thresholdsWeeklyMonthlyAnnual
Lower Earnings Limit (LEL)£120£520£6,240
Primary Threshold (PT)£184£797£9,568
Secondary Threshold (ST)£170£737£8,840
Upper Earnings Limit (UEL)£967£4,189£50,270
Upper Secondary Threshold (UST) for under 21s£967£4,189£50,270
Apprentice Upper Secondary Threshold (AUST) for under 25s£967£4,189£50,270
Rates 2021-22
Employee category letter
(Primary contributions)
LEL to PTAbove PT to UELAbove UEL
A, H, M0%12%2%
J, Z0%2%2%
B0%5.85%2%
Cnilnilnil
Employer category letter
(Secondary contributions)
LEL to STAbove ST to UEL/ UST/ AUSTAbove UEL/ UST/ AUST
A, B, C, J 0%13.8%13.8%
H, M, Z0%0%13.8%
2020-21
Class 1A
National Insurance due on benefits in kind provided to employees
13.8%
Class 1B
National Insurance due on benefits or expenses included in the annual PAYE Settlement Agreement
Class 3 voluntary contributions£15.40 pw

Statutory payments

2020-212021-22
Qualifying earnings level£120 pw£120 pw
Statutory Maternity Pay (SMP)
First 6 weeks90% of AWE90% of AWE
Further 33 weeks lesser of 90% of AWE or £151.20lesser of 90% of AWE or £151.97
Statutory Adoption Pay (SAP)
First 6 weeks90% of AWE90% of AWE
Further 33 weeks lesser of 90% of AWE or £151.20lesser of 90% of AWE or £151.97
Statutory Paternity Pay (SPP)
2 weekslesser of 90% of AWE or £151.20lesser of 90% of AWE or £151.97
Statutory Shared Parental Pay (ShPP)
Maximum of 37 weekslesser of 90% of AWE or £151.20lesser of 90% of AWE or £151.97
Statutory Parental Bereavement Pay (SPBP) - currently applicable to England, Scotland & Wales
2 weekslesser of 90% of AWE or £151.20lesser of 90% of AWE or £151.97
Employers can recover 92% of SMP, SAP, SPP, ShPP and SPBP paid.
Small employers (defined as those with less than £45,000 gross NICs paid in the previous tax year) are entitled to recover 103% (100% plus 3% compensation)
Statutory Sick Pay (SSP)
Standard weekly rate£95.85£96.35

Student loans

 2020-212021-22
Plan 1£19,390 pa£19,895 pa
£1,615.83 pm£1,657.91 pm
£372.88 pw£382.59 pw
Rate of deduction9%9%
Plan 2£26,575 pa£27,295 pa
£2,214.58 pm£2,274.58 pm
£511.05 pw£524.90 pw
Rate of deduction9%9%
Post graduate loans£21,000 pa£21,000 pa
£1,750 pm£1,750 pm
£403.84 pw£403.84 pw
Rate of deduction6%6%

Pensions

 2020-212021-22
Annual Allowance£40,000 pa£40,000 pa
Lifetime Allowance£1,073,100 pa£1,073,100 pa
Tapered Annual Allowance - minimum amount£10,000 pa£4,000 pa
Money Purchase Annual Allowance£4,000 pa£4,000 pa
Automatic enrolment
2020-212020-22
Automatic enrolment earnings trigger£10,000 pa£10,000 pa
Lower level of qualifying earnings£6,136 pa£6,240 pa
Upper level of qualifying earnings£50,000 pa£50,270 pa

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