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