Income Tax
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<td valign="top"><strong>PAYE tax rates &amp; thresholds</strong></td>
<td valign="top"><strong>Figures to use 2015-16</strong></td>
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<td valign="top" width="10"><strong>Personal Allowance</strong></td>
<td valign="top" width="10"> £10,600 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 £31,785</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 £31,786 to £150,000</td>
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<td valign="top" width="10"><strong>Additional tax rate</strong></td>
<td valign="top" width="10">45%   on annual earnings above £150,000</td>
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&nbsp;

National minimum wage

The rates below apply from 1 October 2014
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<td valign="top"><strong>Category of worker</strong></td>
<td valign="top"><strong>Hourly rate from 1 Oct 2014</strong></td>
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<td valign="top" width="10"><strong>Aged 21 and above</strong></td>
<td valign="top" width="10">£6.50</td>
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<td valign="top" width="10"><strong>Aged 18 to 20 inclusive</strong></td>
<td valign="top" width="10">£5.13</td>
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<td valign="top" width="10"><strong>Aged under 18</strong></td>
<td valign="top" width="10">£3.79</td>
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<td valign="top" width="10"><strong>Apprentices aged under 19</strong></td>
<td valign="top" width="10">£2.73</td>
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<td valign="top" width="10"><strong>Apprentices </strong></td>
<td valign="top" width="10">depends on age</td>
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