Statutory payments

2011/12 Qualifying Earnings Level 102.00 Statutory Maternity Pay First 6 weeks Further 33 weeks 90% of AWE lesser of: 90% of AWE or 128.73 90% of AWE lesser of: 90% of AWE or 135.45 107.00 2012/13

Miscellaneous
cipp.org.uk
From 1 Feb 2011 From 1 Feb 2012

Useful tax facts and figures

Statutory Maximum Redundancy Pay 400 per week Employment Protection Daily guarantee payment 22.20 23.50 430 per week

Statutory Adoption Pay 39 weeks lesser of: 90% of AWE or 128.73 lesser of: 90% of AWE or 135.45

The Chartered Institute of Payroll Professionals

From 1 Oct 2011 National Minimum Wage 16-17 18-20 21+ Apprenticeship 3.68 4.98 6.08 2.60

From 1 Oct 2012 3.68 4.98 6.19 2.65

Ordinary Statutory Paternity Pay (2 weeks) and Additional Statutory Paternity Pay lesser of: 90% of AWE or 128.73 lesser of: 90% of AWE or 135.45

2012/13

Key payroll dates

Employers can recover 92% of SMP, SAP and SPP paid. Small employers (defined as those with less than 45,000 gross NICs p.a.) are entitled to recover 103% (100% plus 3% as NIC + 3% compensation).

6 April 2012 19 May 2012 31 May 2012

New tax bands effective Return of forms P14/P35 to HMRC Issue of P60 to all employees Return of forms P9D/P11D to HMRC Class 1A payment due (P11Ds) Class 1B payment due (PSAs)

Statutory Sick Pay Standard weekly rate 81.60 85.85

6 July 2012 19 July 2012 19 Oct 2012

Reimbursement under the Percentage Threshold Scheme is available where the total SSP paid in a tax month exceeds 13% of the total NIC liability for the same month.

AWE - average weekly earnings

126AV1

CIPP Shelly House, Farmhouse Way, Monkspath, Solihull, B90 4EH 0121 712 1000 0121 712 1001 info@cipp.org.uk

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Tax rates
2011/12 20% 40% 50%
(Basic Rate) (Higher Rate) (Additional Rate)

Company cars
2012/13 0-34,370 34,371150,000 Over 150,000 810L CO2 Emissions Electric only cars QUALECs point Starting point* Each additional 5g/km Diesel supplement Maximum benefit in all cases 0% 120g/km=10% 125g/km=15% +1% +3% 35% 0% n/a 100g/km=11% +1% +3% 35% 2011/12 2012/13

National Insurance thresholds

2012/2013 Class 1 NICs Lower Earnings Limit (LEL) Secondary Threshold (ST) Primary Threshold (PT) Upper Accrual Point (UAP) Upper Earnings Limit (UEL) Weekly 107 144 146 770 817 Monthly 464 624 634 3,337 3,540

0-35,000 35,001150,000 Over 150,000 747L

Emergency Tax Code

Tax allowances
2011/12 Personal allowance - aged under 65 - Income Limit for Personal Allowance - aged 65 - 74 - aged 75 and over 7,475 100,000 9,940 10,090 2012/13 8,105 100,000 10,500 10,660

*From 2012/13 onwards a new Relevant Threshold applies. The Relevant Threshold is the approved CO2 emissions figure upon which all calulations of the appropriate percentage are based. The Relevant Threshold for 2012/13 onwards is 100g/km.

National Insurance rates

Not Contracted Out LEL to ST Above ST to PT (incl) Above PT to UAP (incl) Above UAP to UEL (incl) Above UEL Salary Related Contracted Out LEL to ST Above ST to PT (incl) Above PT to UAP (incl) Above UAP to UEL (incl) Above UEL Rebate on Earnings above Employee 0% 0% 12% 12% 2% Employee 0% 0% 10.6% 12% 2% Employee 1.4% 1.4% Employer 0% 13.8% 13.8% 13.8% 13.8% Employer 0% 10.4% 10.4% 13.8% 13.8% Employer 3.4% n/a

HMRC advisory fuel rates from 01/03/12 Up to 1400cc 1401 to 2000cc Over 2000cc

Petrol 15p 18p 26p Diesel

LPG 10p 12p 18p

Pensions cap/allowances
2011/12 Annual allowance Lifetime allowance 50,000 1.8 million 2012/13 50,000 1.5 million

Up to 1600cc 1601 to 2000cc Over 2000cc

13p 15p 19p

Fuel scale charges 2012/13 The taxable benefit is obtained by multiplying the fuel scale charge of 20,200 by the appropriate percentage used to calculate the car benefit. Company van fuel benefit charge 550.

LEL to ST Above ST to PT (incl)

Money purchase Contracted-out Schemes cease from 6 April 2012

Student Loan recovery

2011/12 Employee earnings threshold at which repayment of student loan begins Rate of deduction 15,000 per year 1,250 per month 288.46 per week 2012/13 15,795 per year 1,316.25 per month 303.75 per week

Mileage rates 2012/13

First 10,000 miles 45p 24p 5p Over 10,000 miles 25p 24p 5p

Class 3 Voluntary NICs

2012/13 13.25 per week

Class 1A & Class 1B NICs

For benefits provided in 2012/13 13.80%

Vehicle Privately owned cars Motorcycle rate Passenger rate (each)

9%

9%

For women paying the reduced rate, the employee rate is 5.85% on earnings from 146 to 817. Employers rates are as per the Not Contracted-out rates above

The information on this card is a summary guide and is not intended as a comprehensive representation of the law. To reserve your personalised supply of Payroll Factcards, email info@cipp.org.uk