Latest Service Update - July 2020:

We continue to experience a large volume of customer contact however we have made good progress with many workstreams over the last few weeks. For the coming few weeks ahead, here are some service and furlough related updates to be aware of:

1. Our phones will be open everyday from 9am to 1pm. We anticipate our phone lines to be extra busy over the coming weeks, if you cannot get through, you can email covid19queries@stafftax.co.uk or info@stafftax.co.uk (for non Furlough/Covid19 queries)

2. If you have yet to make your first furlough claim we encourage you to do this as there is now a deadline of the 31st July. The Furlough Portal has a detailed step by step guide on how to claim, alternatively email covid19queries@stafftax.co.uk.

3. If your employee has returned to work after a period of being on furlough, you can let us know by simply visiting the Furlough Portal and go to Step 7 'End Furlough'.

4. We will continue to furlough your employee until you either inform us to:

a. End Furlough, which can be done via the Furlough Portal. b. Apply part time/ flexible furlough, which can be done via the Furlough Portal. c. Make your employee redundant. To find out more about this, visit out contact us page. d. Tell us your nanny has left, which you can do via the Members Area.


 To read all our latest Covid-19/Furlough related FAQs click here. To access our newly built Furlough Portal click here

Natural Fit

Subscribe

Rates and Thresholds

The new Government Rates for the Tax Year 2020-21 came in to effect as of the 6th April 2020.

Tax and National Insurance Thresholds

Lower Earnings Limit £120 gross per week or less If you pay your employee the LEL or below, there is nothing due to HMRC and your employee will not be entitled to any state pensions or benefits.
Bracket between Lower Earnings Limit and NI Threshold Between £120-£169 gross per week If you pay your employee between these figures there is nothing due to HMRC, however you should still register so your employee will be entitled to state pension and benefits.
Employer's (Secondary) NI Threshold £169 gross per week or more If you pay your employee £169 or more you must register and pay Employer’s NI.
Employee's (Primary) NI Threshold £183 gross per week or more If you pay your employee £183 or more you must now deduct National Insurance on behalf of your employee, as well as pay Employer’s NI.
Tax Threshold Over £240 gross per week If you pay your employee £240 or more you must now also deduct tax on from your employee's salary.
Tax and NI Payments
If your Tax and NI bill is below £1,500 per month you will have to pay the Tax and NI to HMRC on a quarterly basis. Be aware that late payments can result in hefty fines and interest being applied.
Payment Deadlines

19 January 19 April 19 July 19 October
If your monthly liability bill exceeds £1,500 per month you must pay HMRC every month.
National Minimum Wage (NMW)

From 6 April 2019

Age 18-20 £6.45 per hour gross
Age 21-24 £8.20 per hour gross
Age 25+ £8.72 per hour gross
Offset Allowance £57.40 per 7-day week

Statutory Maternity Pay (SMP)

The first 6 weeks of SMP are paid at 90% of average gross weekly earnings. The remaining weeks of the maternity pay period (up to a maximum of 33 weeks) are paid at the current SMP rate of £151.20 gross per week, or 90% of the employee's weekly earnings, whichever is lower.

Statutory Sick Pay (SSP)

The 2020-21 rate of SSP is £95.85 gross per week The first 3 consecutive days of illness are unpaid. SSP starts on the fourth consecutive day of illness, up to 28 weeks

Automatic enrolment earnings threshold

The current earnings trigger for automatic enrolment into a pension scheme is £10,000. Using our default service, we calculate the pension contribution on the earnings between the lower and upper earnings limit. This is referred to as qualifying earnings.

The current minimum pension contribution rate is 4% employee and 3% employer, of the qualifying earnings, with 1% tax relief added directly into the pension scheme by the government.


Contact us
What we do

Subscribe to Stafftax today

Save time, effort and worry with our affordable payroll solutions and unlimited HR support.

Get Started

Latest from our Blog

Top 6 Summer Garden Plants

If you are looking for some garden inspiration, take a look at our latest blog for our favourite summer garden plants.

Coronavirus - Information for employers

How will coronavirus affect employers?

Top Boredom Busting Tips

We have compiled our favourite boredom busting tips to help you keep busy, whilst you are at home.

View all News on our Blog