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 | 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 |