Policy News Journal - 2014-15

 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

Annual

£5,772

£7,956

£7,956

£40,040

£41,865

2013/14 NI thresholds

LEL

ST

PT

UAP

UEL

Weekly

£109

£148

£149

£770

£797

2 weekly

£218

£296

£299

£1,540

£1,595

4 weekly

£436

£592

£597

£3,080

£3,189

Monthly

£473

£641

£646

£3,337

£3,454

Annual

£5,668

£7,696

£7,755

£40,040

£41,450

Class 1 contribution rates for not contracted-out schemes and for contracted-out salary related schemes can be downloaded through this CIPP news link .

CIPP Policy News Journal

08/04/2015, Page 448 of 521

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