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
2021/2022
Income Tax Rates
| UK | % | Bandwidth |
| Basic Rate | 20% | £1 to £37,700 |
| Higher Rate | 40% | £37,701 to £150,000 |
| Additional Rate | 45% | £150,001 and above |
| Scottish Rate | ||
| Starter Rate | 19% | £1 to £2,097 |
| Basic Rate | 20% | £2,098 to £12,726 |
| Intermediate Rate | 21% | £12,727 to £31,092 |
| Higher Rate | 41% | £31,093 to £150,000 |
| Top Rate | 46% | £150,001 and above |
National Insurance Contributions
| Pay Frequency | Lower Earnings Limit | Primary Earnings Threshold | Secondary Earnings Threshold | Upper Earnings Threshold |
| Weekly | £120 | £184 | £170 | £967 |
| Monthly | £520 | £797 | £737 | £4,189 |
| Annual | £6,240 | £9,568 | £8,840 | £50,270 |
| Category Letter | Employee earnings above PT up to UEL | Employee Earnings above UEL | Employer Earnings above ST to UEL | Employer Earnings above UEL |
| A | 12% | 2% | 13.8% | 13.8% |
| B | 5.85% | 2% | 13.8% | 13.8% |
| C | 0% | 0% | 13.8% | 13.8% |
| H | 12% | 2% | 0% | 13.8% |
| J | 2% | 2% | 13.8% | 13.8% |
| M | 12% | 2% | 0% | 13.8% |
| Z | 2% | 2% | 0% | 13.8% |
Nicola has been fantastic - kept me informed and very professional.Dale Norman October 2021
Very helpfull and prompt. Always came back as promised and provided the necessay information and guidanceM manir October 2021
Nicola Worthington has been a credit to Umbrella Accountants. She has always offered considerable professional advise to myself on my accounting and my tax affairs as and when required over the past few years. I would recommend both Nicola and Umbrella Accountancy Services.AC September 2021
I started my company in 2016 when I was offerred 6 months contract work. Now sadly I'm closing my company as I've moved back to PAYE work. Nicola Worthington and team have been very helpful with my accounting and tax affairs and has made it as easy as possible for me to understand what I needed to do. All the best AndyAndy September 2021
I have been with Umbrella for around 2 years now since they set up my limited company for contracting purposes. I have found their service to be very reliable and really enjoy the ease of using the freeagent service. A special mention also to my accountant Nicola Worthington, whose knowledge and expertise have been so valuable. Along with that, her availability to answer questions at critical times have been really vital for me and my business - thank you.Stephen Roberts September 2021
Nicodemus Ginindza has been my liaison since working with Umbrella - his support and assistance has been excellent, always on call to attend to queries. Fantastic service ! Would highly recommend !Hemel August 2021
Excellent service as usual.Luis Ferrinho August 2021
I am extremely happy with the service I have received and the clear explanation of said service from Nicodemus Ginindza. I am looking forward to our continued relationship. I have no hesitation whatsoever in recommending this company.Roy Ginn July 2021
Very helpful for a beginner with self employment, Nicodemus was welcoming and helpful.Jeanebe July 2021
Efficient, responsive and quick in resolving issues.Shantanu July 2021
