| 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 | ||
Derby Community Accountancy Service 