National Minimum Wage rates

National Minimum Wage rates The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it. Year 21 and over 18 to 20 Under 18 Apprentice* 2015 (current rate) £6.70 £5.30 £3.87 £3.30 2014 £6.50 £5.13 £3.79 £2.73 2013 Read more about National Minimum Wage rates[…]

National Insurance Rates

National Insurance rates (employers & employees) not contracted out Rates 2015-16 Employee rate Band Weekly earnings Employer rate Weekly earnings 0% LEL Up to £112 0% £112 to £155 0% £1 to £156 12% £155 to £815 13.8% Above £156 2% UEL Over £815 Rates: 2014-15 Employee rate Band 2014/15 Weekly earnings Employer rate 2014/15Weekly Read more about National Insurance Rates[…]

Emergency Budget 22 June 2010 Tax & Benefits related Key Points

Taxes Corporation tax, currently 28%, to fall by 1p in the pound a year for four consecutive years until it reaches 24%. Small companies tax to fall to 20%. New firms outside south-east/east to be let off employer national insurance contributions, up to £5,000, for each of first 10 employees recruited. VAT to increase to Read more about Emergency Budget 22 June 2010 Tax & Benefits related Key Points[…]