Letters What they mean L You’re entitled to the standard tax-free Personal Allowance M Marriage Allowance: you’ve received a transfer of 10% of your partner’s Personal Allowance N Marriage Allowance: you’ve transferred 10% of your Personal Allowance to your partner T Your…
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…
Tax rates and allowances
Income tax Personal allowances and reliefs 2016/17 2015/16 2014/15 2013/14 2012/13 2011/12 2010/11 2009/10 Personal allowance £ £ £ £ £ £ Aged under 65* 11,000 10,600 10,000 9,440 8,105 7,475 6,475 6,475 Born between 6 April 1938 and 5 April…
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%…