Tax Codes, Exemptions & Allowances.
Tax codes will not be changing, if you are currently on a 1257L tax code, this will remain the same for 2023. This means you can earn up to £242 per week or £1,048 per month before paying tax.
The national living wage, minimum wage and for those aged 23 and over will increase to £10.42 from £9.50 which is an annual increase of 0.92p.
The National Insurance Threshold will remain at £242 per week or £1,048 per month.
Please remember to advise us if you are age exempt from NI contributions (employee). We will need a copy of your current passport or birth certificate in order to action this. We also require you to notify us of any changes to your personal details, in writing please by emailing us.
Student Loans
You will repay 9% of your income over the repayment threshold if you do not have an arrangement to pay this back directly via direct debit to the student loans company.
Student loan and postgraduate loan recovery is also increasing in the new tax year:
Plan 1 student loan will be deducted on earnings over £388 per week and £1,682 per month.
Plan 2 student loan will be deducted on earnings over £524 per week and £2,274 per month.
Postgraduate loan will be deducted on earnings over £403 per week and £1,7500 per month.
P60’s & Payslips
P60’s will be issued to you before the 31st May 2022. If you receive your payslips via email, your P60 will be emailed to you. Please check your junk/spam mailbox if this does not arrive in your inbox.
Please do ensure that you check your payslips regularly for any comments, points to action or messages. We also ask that you check your hours/days/half days worked and umbrella rates are correct. If you do notice any issues, please contact us so that we can check with your agency.
Benefits
We now offer a range of employee benefits:
- Employee Pension Scheme which includes additional SMART REWARDS, providing exclusive discounts ranging from:
- Cinema Tickets
- Gym Memberships
- Computing and Electrical equipment
- Mini Breaks and much more…
- We offer an AdvanceMe Service which allows you to receive your salary payment ahead of pay day, to find out more simply email advanceme@epayme.co.uk
- One of our most popular benefits, is our Scratch Cards, promoting special offers, such as:
- Weekends Away
- £50 Bonus
- 50” TV’s
- Free Payroll Processing and much more…
If you have any questions, please contact our Customer Service Team on 01252 863 700.