Wrigley Partington

Chartered Accountants & Business Advisors

Selected Rates

Tax and accountancy

Rates applicable for 2018-19

Basic Retirement Pension (2.98% increase) £
- Single Person 125.95
New State Pension (from April 2016) 164.35
Pension Credit (standard minimum guarantee)  
- Single Person 159.35
- Couple 243.25
Attendance Allowance (higher) (lower - £57.30) 85.60
Child Benefit (no increase from 1 April 2011) - from 7 January 2013 where one household member earns over £50,000 there is a clawback of 1% of benefit for every £100. No benefit will therefore be due if earnings over £60,000.
- First eligible child 20.70
- Each subsequent child 13.70
Student Loan Deductions
- From 6 April 2018 threshold limit £18,330 (2017/18 limit was £17,775).
(For English & welsh students starting after 1 September 2012 the limit for 2018/19 is £25,000)
Statutory Pay Rates
Average weekly pay £116 or over
Sick (SSP)
Standard rate 92.05
Maternity (SMP)
90% of average weekly pay First 6 weeks
Max. £145.18 - Min. 90% average weekly pay Next 33 weeks
Adoption (SAP): 39 weeks
Paternity (SPP): (option for longer if spouse returns to work) one week or fortnight
SAP/SPP - 90% of average weekly pay Max £145.18
Jobseeker Allowance
- Single person 73.10
- Married couple 114.85
Universal Credit (monthly rates) - being phased in gradually
- Single person (25 and over) 317.82
- Married couple (where one or both are 25 or over) 498.89
 
National Living Wage from 1 April 2018 will be £7.83 (previously £7.50) for workers aged 25 and older.  
National Minimum Wage      
Age  21 & Over 18-20 Under 18
From 1 April 2018  £7.38 £5.90 £4.20
From 1 April 2017  £7.05 £5.60 £4.05
*Apprentice rate £3.70 (01.4.18) £3.50 (01.4.17)  

 

Address

Wrigley Partington Chartered Accountants

Sterling House

501 Middleton Road

Chadderton, Oldham

OL9 9LY