Tax Rates and Allowances 2022/23
Pensions Automatic Enrolement
Capital Allowances - Plant & Machinery ⭢
Employee's Statutory Payments ⭢
Income Tax Rates - Across the UK ⭢
Individual Savings Account (ISA) ⭢
Land and Buildings Transaction Tax ⭢
Mileage Allowance Payments (MAPs) for Employees ⭢
National Insurance Contributions (NIC) - Rates and Allowances ⭢
Pensions Automatic Enrolment ⭢
Pensions - Tax Relief on Pension Contributions ⭢
Vehicle Excise Duty (VED) - Passenger Cars ⭢
Auto enrolment places duties on employers to automatically enrol 'workers' into a work based pension scheme. Employers are required to automatically enrol all 'eligible jobholders' into a qualifying pension scheme and pay pension contributions on their behalf.
| Employer minimum contribution | Total minimum contribution |
|---|---|
| 3% | 8% |
Where the employer does not make the total minimum contribution the employee is obliged to pay the balance.
| 2022/23 | |
|---|---|
| Automatic enrolment earnings trigger | £10,000 |
| Qualifying earnings band - lower limit | £6,240 |
| Qualifying earnings band - upper limit | £50,270 |