Payroll rates and thresholds for 2018-19

04 December 2017

Following the publication of the Finance Bill, HMRC’s Software Developers Support Team (SDST) has provided the rates and thresholds for the 2018-19 tax year.

Personal Allowance:

£11,850

 

Standard tax code:

1185L

 

Higher rate threshold (rUK):

£46,350

 

Income Tax rates (rUK):

Basic rate 20%                  £1 – 34,500

Higher rate 40%                £34,501 – 150,000

Additional rate 45%           £150,001 and above

 

Tax code uplifts:

• Suffix L:            11500 to 11850 = 350 increase, therefore uplift 35

• Suffix M:           12650 to 13035 = 385 increase, therefore uplift 38

• Suffix N:           10350 to 10665 = 315 increase, therefore uplift 31

 

National Minimum Wage (NMW) and National Living Wage (NLW) rates from 1 April 2018:

Aged 25 and above (NLW rate) - £7.83

Aged 21 to 24 inclusive - £7.38

Aged 18 to 20 inclusive - £5.90

Aged under 18 (above compulsory school leaving age) - £4.20

Apprentices aged under 19 - £3.70

Apprentices aged 19 and over (first year of apprenticeship) - £3.70

 

Student Loan thresholds:

Plan Type 1         £18,330

Plan Type 2         £25,000

 

Employment Allowance:

£3,000

 

Apprenticeship Levy:

Allowance           £15,000

Rate                      0.5%

 

Follow the link below for NI rates and earnings limits:

Class 1 NICs rates for 2018-19