USEFUL INFORMATION

National Minimum Wage (NMW)

Year

25 and over

21 to 24

18 to 20

Under 18

Apprentices

April 2020

£8.72

£8.20

£6.45

£4.55

£4.15

Statutory Payments

Payment

Weekly Rate

Statutory Maternity Pay (SMP)

First 6 weeks: 90% of average weekly earnings (AWE) per week

Remaining 33 weeks: £151.20 per week (whichever is lower)

Statutory Sick Pay (SSP)

£95.85

Pension Contributions

Date

6 April 2019 onwards

Minimum Employer Contributions

3%

Minimum Employee 

Contributions

5%

Tax Codes

Standard PAYE tax code for your main job in 2020/21 is 1250L (£12,500 of tax-free income)

For a second job, the standard code is BR (Basic Rate) which means a 20% tax deduction on all your earnings for that second job

Coronavirus Job Retention Scheme

August 2020:  Government will pay 80% of wages (up to £2,500) employers will pay Employers National Insurance Contributions and pension contributions.

September 2020:  Government will pay 70% of wages (up to £2,187.50) employers will pay Employer National Insurance Contributions and pension contributions and top up employees’ wages to ensure they receive 80% of their wages up to a cap of £2,500, for time they are furloughed

October 2020:  Government will pay 60% of wages (up to £1,875) employers will pay Employer National Insurance Contributions and pension contributions and top up employees’ wages to ensure they receive 80% of their wages up to a cap of £2,500, for time they are furloughed.  

CONTACT US

Simply contact us by using the form below or contact us via telephone or email.

 

Tel:  +447599826212

Email:  gibsonspayroll@outlook.com

 

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