UK Payroll Facts 2015-16

UK Payroll Facts

Standard tax code is 1060L. This means £10,605 annual earnings allowance.

Tax Bands and Rates

2015-16BandwidthsTax Rate
Taxable earnings0 - £31,78520%
Taxable earnings£31,786 - £150,00040%
Taxable earnings£100,000 - £150,00040% reducing personal allowances
Taxable earnings over£150,00045% no allowances

Statutory Payments

Statutory Sick Pay up to 28 Weeks (no reimbursement)£88.45 per week£17.69 per day
Statutory Maternity / Adoption Pay paid for 39 weeksFirst 6 weeks 90% of average weekly earningsthe 33 weeks at £139.58 or average weekly earnings if less
Statutory Paternity Pay 1 or 2 consecutive weeks£139.58 or average weekly earnings if less
Small Employer ThresholdLess than £45,000 of previous year's NICrecover 100% plus 3% compensation
Large EmployerOnly on SMP / SPP / SAP92% recovery

National Minimum Wage

Rate Per HourOctober 2014October 2015
Age 16-17£3.79£3.87
Age 18-20£5.13£5.30
Age 21 and above£6.50£6.70

National Insurance Earnings

Per WeekPer MonthPer AnnumEmployeesEmployers
Lower Earnings Limit (LEL)£112£486£5,824NilNil
Primary Threshold (PT)£155£672£8,06012%13.8%
Secondary Threshold (ST)£156£676£8,11212%13.8%
Upper Accrual Point (UAP)£770£3,337£40,04012%13.8%
Above Upper Earnings Limit (EUL)£815£3,532£42,3852%13.8%

Less upto £2,000 Annual Employment Allowance.

Other Rates

Statutory Redundancy maximum 20 weeks01/04/2014 - £464 per week
Student Loan earnings above £17,3359% Deduction
Childcare Vouchers (Salary Sacrifice)Maximum £243 per month (£55 per week) 20%
Maximum £124 per month (£28 per week) 40%
Maximum £97 per month (£22 per week) 50%

Employee Vehicle Mileage Payments for Business Travel

Motor Cars and VansFirst 10,000 business miles*45p per mile
Motor Cars and VansOver 10,000 business miles25p per mile
Motorcycles24p per mile
Cycles20p per mile

*For National Insurance purposes, the higher rate applies to all miles, not only the first £10,000