UMBRELLA ACCOUNTANTS IS THE OBVIOUS CHOICE FOR CONTRACTORS WHO WANT TO MAXIMISE THEIR INCOME WITH SIMPLE, LOW COST, FIXED FEE ACCOUNTANCY SOLUTIONS

Tax Factsheet

Check here for the latest tax information changed as and when the relevant legislation changes

2019/2020

Income Tax Rates

UK%Bandwidth
Basic Rate20%£1 to £37,500
Higher Rate40%£37,501 to £150,000
Additional Rate45%£150,001 and above
Scottish Rate  
Starter Rate19%£1 to £2,049
Basic Rate20%£2,050 to £12,444
Intermediate Rate21%£12,445 to £30,930
Higher Rate41%£30,931 to £150,000
Top Rate46%£150,001 and above

National Insurance Contributions

Pay Frequency
Lower
Earnings Limit
Primary
Earnings Threshold
Secondary Earnings Threshold
Upper
Earnings Threshold
Weekly£118£166£166£962
Monthly£512£719£719£4,167
Annual£6,136£8,632£8,632£50,000

 

Category Letter
Employee
earnings above PT up to UEL
Employee Earnings above UEL
Employer
Earnings above ST to UEL
Employer
Earnings above UEL
A12%2%13.8%13.8%
B5.85%2%13.8%13.8%
C0%0%13.8%13.8%
H12%2%0%13.8%
J2%2%13.8%13.8%
M12%2%0%13.8%
Z2%2%0% 

 

I would like to take the opportunity to thank you for all your support through these tough times I'm experiencing.  Having you as one my support has really helped relieve a lot of my stress.  I'm so glad this HMRC stuff is now all behind me and when I do get better I will be sure to be a Umbrella client if I'm going down the self employment route.  If your still around it would be nice to hear you have been promoted, you should be Neil Armitages right hand woman.  You've been helpful, friendly, efficient and just brilliant! Thank you so so so so much you've been the best Accountant ever!
 

S Hall October 2017