Pay as you earn made easy
A task made increasingly difficult with the growing complexity of taxation and employment legislation with the accompanying regime of penalties for non-compliance.
Even if you have only a few employees, you will make savings by engaging us to administer your payroll. We provide a comprehensive and confidential payroll service including:
- Customised payslips
- Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay
- Completion of statutory forms, including year end returns, to issue to your employees and submit to HMRC
- Summaries and analysis of staff costs
Payslips
Printed or electronic; we ensure the following details are included on each payslip:
- Gross earnings before deductions
- Detail tax and National Insurance deductions
- Net wages after deductions
- The employees unique National Insurance number
- Tax code
- The employees rate of pay
- A total of pay and deductions in the current tax year
National Insurance
National Insurance contributions qualify you for benefits such as State Pension. Employed
Class | Your pay | National Insurance |
Class 1 | £183 to £962 a week (£792 to £4,167 a month) | 12% |
Class 1 | Over £962 a week (£4,167 a month) | 2% |
Self-employed Profits are calculated by deducting expenses from your self-employed income.
Class | Annual Profits | National Insurance | Class | Annual Profits | National Insurance |
Class 2 | £6,475 or more a year | £3.05 a week | Class 4 | £8,424 or more a year | 9% on profits between £9,501 and £50,000 2% on profits over £50,000 |