Tax Facts 2009/10
National Insurance, Social security benefits and self assessment key dates
| NATIONAL INSURANCE | ||
|---|---|---|
| Class 1 (employed) contracted in | 2009/10 Rates | |
| Weekly earnings | Employer | Employee |
| Up to £110 | Nil* | Nil* |
| £110.01 - £844 | 12.8%** | 11%** |
| Over £844 | 12.8%** | £80.74 + 1%*** |
* Entitlement to contribution-based benefits retained for earnings between £95.01 and £110 per week. ** On earnings above £110. *** On earnings above £844. |
||
| Class 1A (employers) | 12.8% on employee taxable benefits | |
| Class 1B (employers) | 12.8% on PAYE Settlement Agreements | |
| Class 2 (self employed) |
Flat rate per week £2.40 small earnings exception p.a. £5,075 p.a. |
|
| Class 3 (voluntary | Flat rate per week £12.05 | |
| Class 4 (self-employed) | 8% on profits between £5,715 and £43,875 plus 1% on profits over £43,875 | |
| MAIN SOCIAL SECURITY BENEFITS | |||
|---|---|---|---|
Weekly benefit |
2009/10 |
2008/09 |
|
Basic retirement pension |
single person | £95.25 | £90.70 |
| married couple | £152.30 | £145.05 | |
Statutory pay rates - average weekly earnings £95 (£90) or over |
|||
Statutory Sick Pay |
£79.15 | £75.40 | |
Statutory Maternity Pay |
first six weeks | 90% of weekly earnings | |
| next 33 weeks | £123.06* | £117.18* | |
Statutory Paternity Pay |
two weeks | £123.06* | £117.18* |
| 39 weeks | £123.06* | £117.18* | |
* Or 90% of weekly earnings if lower. |
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Self Assessment: Key Dates 2009/10
31 July 2009 - Second payment on account for 2008/09.
5 October 2009 - Deadline for notifying HMRC of new sources of income if no tax return has been issued for 2008/09.
31 October 2009 - Deadline for submission of 2008/09 non-electronic returns. Also, the deadline for submission of 2008/09 returns requiring HMRC calculation and where the taxpayer wants a balancing payment (below £2,000) collected through their 2010/11 PAYE code.
31 January 2010 - Deadline for filing electronic tax returns for 2008/09.
Balancing payment due for 2008/09. First payment on account due for 2009/10.
Disclaimer
The information in this tax card is based upon the 2009 Budget and other earlier announcements and may be subject to amendment by the Finance Act.