Earnings threshold
£111.00 £87.55
Standard rate
The SSP rate will take effect from 6 April 2014.
The SMP, SAP, OSPP and ASPP rates will take effect for payment weeks beginning on or after the 1st Sunday in April which is also 6 April 2014.
There are no changes to the rules and rates for the recovery of SMP, SAP, OSPP and ASPP for 2014-15.
The Percentage Threshold Scheme for recovery of SSP will be abolished from 6th April 2014.
Tax and tax credit rates and thresholds for 2014-15
19 December 2013
Following the Autumn Statement the rates and thresholds for the 2014/15 tax year have been published.
Full details can be found through the link below which contains the following contents:
Bands of taxable income and corresponding tax rates Income tax allowances National Insurance contribution thresholds Class 1 National Insurance contribution rates 2014-15 Self-employed National Insurance contribution rates 2014-15 Other NICs rates Working and Child Credit Tax rates and thresholds Child Benefit and Guardian’s Allowance Tax-free Savings Accounts
Fuel Benefit Charge Van Benefit Charge
Tax and tax credit rates and thresholds for 2014-15
HMRC’s Software Developers Support Team has also provided a breakdown of NI thresholds and the Class 1 contribution rates for not contracted-out schemes and for contracted-out salary related schemes.
National Insurance Thresholds
2014/15 NI thresholds
LEL
ST
PT
UAP
UEL
Weekly
£111
£153
£153
£770
£805
2 weekly
£222
£306
£306
£1,540
£1,611
4 weekly
£444
£612
£612
£3,080
£3,221
Monthly
£481
£663
£663
£3,337
£3,489
CIPP Policy News Journal
16/04/2014, Page 483 of 519
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