UK Payroll Facts 2018-19

UK Payroll Facts

Standard tax code is 1185L. This means £11,850 annual earnings allowance.

Tax Bands and Rates

2018-19BandwidthsTax Rate
Taxable earnings£0 - £34,50020%
Taxable earnings£34,501 - £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)£92.05 per week
Statutory Maternity / Adoption Pay paid for 39 weeks£145.18 gross per week
Statutory Paternity Pay 1 or 2 consecutive weeks£145.18 gross per week
Small Employer ThresholdLess than £45,000 of previous year's NICrecover 100% plus 3% compensation
Large EmployerOnly on SMP / SPP / SAP92% recovery
Statutory Redundancy Pay maximum 20 weeks£508 per weekor your contracted weekly pay if lower as from 06/04/17

National Minimum Wage

Rate Per HourApril 2017April 2018
Age 16-17£4.05£4.20
Age 18-20£5.60£5.90
Age 21-24£7.05£7.38
25 and Over (National Living Wage)£7.50£7.83

National Insurance Earnings

Per WeekPer MonthPer AnnumEmployeesEmployers
Lower Earnings Limit (LEL)£116£503£6,032NilNil
Primary Threshold (PT)£162£702£8,42412%13.8%
Secondary Threshold (ST)£162£702£8,42412%13.8%
Upper Accrual Point (UAP)£892£3,863£46,35012%13.8%
Above Upper Earnings Limit (EUL)

Less upto £3,000 Annual Employment Allowance.

Student Loan Recovery

Rate or Threshold2018 to 2019 rate
Employee earnings threshold for Plan 1£18,330 per year
£1,527.50 per month
£352.50 per week
Employee earnings threshold for Plan 2£25,000 per year
£2,083.33 per month
£480.76 per week
Student loan deductions9%

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

Other Rates

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%