Wages

8th February (8.45am): SDC Virtual Event, What is an Apprenticeship?  
8th February (1.30pm): SDC Virtual Event, How to find an Apprenticeship?   
Exeter College Showcase 20th April 2021: 4-7pm      
9th February (8.45am): SDC Virtual Event, Available Apprenticeships       
9th February (1.30pm): SDC Virtual Event, What is an Apprenticeship?   
10th February (8.45am): SDC Virtual Event, How to find an Apprenticeship
10th February (1.30pm): SDC Virtual Event, Available Apprenticeships
11th February (8.45am): SDC Virtual Event, What is an Apprenticeship?
11th February (1.30pm): SDC Virtual Event, Available Apprenticeships
t2h February (1.30pm): SDC Virtual Event, How to find an Apprenticeship

From April 2020 to March 2021 the national rates of pay are:

 

  • The National Living Wage for ages 25 and above: £8.72

  • The National Minimum Wage for 21 to 24-year-olds: £8.20

  • For 18 to 20-year-olds: £6.45

  • For under-18s: £4.55

  • For apprentices: £4.15

 

  • There are 2 taxes on your earned income: Income tax and National Insurance Contributions (NIC).  Your national insurance contributions build up your right to claim social security in future e.g. state pension and unemployment benefit.  They are calculated and deducted on a monthly basis according to what you earn, and cannot be claimed back once paid.  Income tax is basically a compulsory contribution to the government, to help them finance public services.  The amount you pay depends on your annual, rather than monthly, earnings.  Everyone is entitled to take some of their earnings home (income) tax free each year.  Any earnings above that limit are taxed.

 

  • Tax complications can arise for students because of their working patterns and because most employers deduct tax through a Pay As You Earn (PAYE) scheme.  If you have a part time job throughout the year then the PAYE scheme should calculate your income tax correctly.  However, if you work full time during the holidays and not during term time, the PAYE scheme can let you down and deduct more tax from your pay packets than you should pay.

 

  • If PAYE has let you down and deducted more income tax than it should have done, you can claim the overpaid tax back.  The Inland Revenue have provided a student tax checker on their website to help you see whether you have paid too much tax – student tax checker.  If you have paid too much then you need to contact your local tax office and complete a P50.