|
Starting rate:10% |
£0 - £2,230 |
|
Basic rate: 22% |
£2,231 - £34,600 |
|
Higher rate: 40% |
Over £34,600 |
-
National Insurance Contributions: 2007-08
|
Lower earnings limit, primary Class 1 |
£87 per week |
|
Upper earnings limit, primary Class 1 |
£670 per week |
|
Primary/secondary threshold |
£100 per week |
|
Employees’ primary Class 1 rate |
11% of £100.01 to £670 per week. 1% above £670 per week |
|
Employers’ secondary Class 1 rate |
12.8% on earnings above £100 per week |
Standard rate: £72.55 per week. Payable to those who qualify and earn over the lower earnings limit of £87 per week.
-
Statutory Maternity Pay (SMP)
If a woman has worked for her employer for at least 26 weeks prior to the 15th week before her baby is due, and has in the 8 weeks prior to the 15th week average earnings of at least the lower earnings limit (£87 per week), she will be entitled to:
- 6 weeks’ pay at 90% of average earnings, and
- 33 weeks’ at the SMP rate of £112.75 per week (or 90% of normal weekly earnings if this is lower)
-
Statutory Paternity Pay (SPP)
£112.75 per week (or 90% of normal weekly earnings if this is lower). Paid for a maximum of 2 weeks.
-
Statutory Adoption Pay (SAP)
£112.75 per week (or 90% of normal weekly earnings if this is lower). Paid for a maximum of 26 weeks.
|
Type of payment
|
From Oct. 2007
|
|
Workers aged 22+ |
£5.52 (currently £5.35) |
|
Workers aged 18-21 and those aged 22+ doing accredited training in the first six months of employment |
£4.60 (currently £4.45) |
|
Workers aged 16 and 17 |
£3.40 (currently £3.30) |
On recommendation I subscribed to HR Bullets 3 years ago and have been doing so ever since. Its an excellent service. Dawn Durkin, Human Resources, KROHNE Ltd
