Income Tax
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<td valign="top"><strong>PAYE tax rates, thresholds and codes</strong></td>
<td valign="top"><strong>Figures to use 2012-13</strong></td>
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<td valign="top" width="10"><strong>PAYE tax threshold</strong></td>
<td valign="top" width="10">£156   per week
£675 per month
£8,105 per year</td>
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<td valign="top" width="10"><strong>Basic tax rate</strong></td>
<td valign="top" width="10">20%   on annual earnings above the PAYE tax threshold and up to £34,370</td>
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<td valign="top" width="10"><strong>Higher tax rate</strong></td>
<td valign="top" width="10">40%   on annual earnings from £34,371 to £150,000</td>
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<td valign="top" width="10"><strong>Additional tax rate</strong></td>
<td valign="top" width="10">50%   on annual earnings above £150,000</td>
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<td valign="top" width="10"><strong>Emergency tax code</strong></td>
<td valign="top" width="10">747L</td>
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<h1>National minimum wage</h1>
The rates below apply from 1 October 2011 and are likely to change again on 1 October 2012.
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<td valign="top"><strong>Category of worker</strong></td>
<td valign="top"><strong>Hourly rate from 1 Oct 2011</strong></td>
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<td valign="top" width="10"><strong>Aged 21 and above</strong></td>
<td valign="top" width="10">£6.08</td>
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<td valign="top" width="10"><strong>Aged 18 to 20 inclusive</strong></td>
<td valign="top" width="10">£4.98</td>
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<td valign="top" width="10"><strong>Aged under 18 (but above compulsory school age)</strong></td>
<td valign="top" width="10">£3.68</td>
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<td valign="top" width="10"><strong>Apprentices aged under 19</strong></td>
<td valign="top" width="10">£2.60</td>
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<td valign="top" width="10"><strong>Apprentices aged 19 and over, but in the first year of their   apprenticeship</strong></td>
<td valign="top" width="10">£2.60</td>
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