Tax and National Insurance Thresholds 2015/16

 

BANDS OF TAXABLE INCOME AND CORRESPONDING TAX RATES
2014/15 2015/16
Basic Rate 20% 20%
Higher Rate 40% 40%
Basic Rate Band £0 – £31,865 £0 – £31,865
Higher Rate Band £31,866 – £150,000 £31,866 – £150,000
Personal Allowance £10,000 £10,600
NATIONAL INSURANCE CONTRIBUTION THRESHOLDS
Weekly Lower Earnings Limit(Below which earnings do not accrue entitlement to SSP, SMP, and SPP) £111 £112
Weekly Primary Threshold £153 £155
Weekly Secondary Threshold £153 £156
Weekly Upper Earnings Limit £805 £815

 

NATIONAL INSURANCE RATES
Employee (Primary) Employer (secondary)
Weekly earnings Ni Rate (%) Weekly earnings Ni Rate (%)
Below £112 (LEL) 0 Below £156 (ST) 0
£112 -£155 (PT) 0 Above £156 (ST) 13.8
£155 – £815 (UEL) 12

 

 

Forward/Business Planning

This full day course takes place on

Friday 13th March 2015

from 9:45am to 2:45pm

at Derby Bosnian Centre DE22 3NL

The speakers will be from local accountancy practices and will be free to all organisations in the voluntary sector and will cover all aspects of creating and presenting a business plan

Coffee will be available from 9:30am

Please click here to book your place