PIXIE PAYROLL Blog
Student Loan Rates 2019/20
HMRC has outlined the Student Loan thresholds from 6 April 2019.
The current thresholds for the tax year 2018/19 are:
• Plan 1 – £18,330
• Plan 2 – £25,000.
The Department for Education (DfE) has confirmed that from 6 April 2019 the thresholds will increase to:
• Plan 1 – £18,935
• Plan 2 – £25,725.
Student loan deductions will remain the same, at nine per cent for Plan 1 and Plan 2 loans.
National Living Wage and National Minimum Wage
The National Living Wage and The National Minimum Wage are set to increase from April 2018:
| Year | 25 & Over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
| April 2017 | 7.50 | 7.05 | 5.60 | 4.05 | 3.50 |
| April 2018 | 7.83 | 7.38 | 5.90 | 4.20 | 3.70 |
If you need any further information on the national minimum wage please visit https://www.gov.uk/national-minimum-wage-rates for more information.
HMRC are making some changes to the way customers can make PAYE payments
The pay at the Post Office service will be withdrawn from 15th December 2017 and from 13th January 2018, HMRC will no longer accept payment by personal credit card. Debit cards and corporate credit cards will continue to be accepted.
HMRC hope these changes don’t cause any inconvenience. There are still many ways to pay including:
• Online or telephone banking (including Faster Payments, Bacs and CHAPS)
• Debit/Corporate Credit card online or by telephone.
These are more secure and will save you the time and expense of going to a post office or bank. GOV.UK has information about paying HMRC including further ways to pay.
Auto Enrolment
Did you know that new employers registered with HM Revenue & Customs from 1st October 2017 will have Auto Enrolment duties straight away?
About Me
My name is Kellie Burslem T/A Pixie Payroll Services, I am a local Payroll Bureau based near Helston, Cornwall. I provide a reliable, professional service at a competitive price.
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