Tax and NI Codes for 2012/13
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March 3, 2013
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April 28, 2013
Tax and NI Codes for 2012/13
PAYE tax and Class 1 NICs
Tax thresholds, rates and codes for 2012 / 2013
| PAYE tax rates, thresholds and codes | Figures to use 2012-13 |
| PAYE tax threshold | £156 per week £675 per month £8,105 per year |
| Basic tax rate | 20% on annual earnings above the PAYE tax threshold and up to £34,370 |
| Higher tax rate | 40% on annual earnings from £34,371 to £150,000 |
| Additional tax rate | 50% on annual earnings above £150,000 |
| Emergency tax code | 810L |
Class 1 NICs: thresholds
| Class 1 NICs thresholds | Figures to use 2012-13 |
| Lower earnings limit (LEL) | £107 per week £464 per month £5,564 per year |
| Secondary Threshold (ST) | £144 per week £624 per month £7,488 per year |
| Primary Threshold (PT) | £146 per week £634 per month £7,605 per year |
| Upper accrual point (UAP) | £770 per week £3,337 per month £40,040 per year |
| Upper earnings limit (UEL) | £817 per week £3,540 per month £42,475 per year |
