SELECTED RATES
     
2017/18
Basic Retirement Pension
single person
couple
 
£
122.30
195.60
Pension Credit Standard minimum guarantee
single person
couple
 
£
159.35
243.25
New state pension   159.55
Child Benefit
first eligible child
each subsequent child
   
£
20.70
13.70
Statutory Sick Pay (SSP) Qualification - Average weekly earnings (AWE) £113 or over.
Sick (SSP) The standard rate is £89.35 per week up to 28 weeks.
Maternity (SMP), Adoption (SAP) and Paternity (SPP) paid at the lower of £140.98 or 90% AWE apart from first 6 weeks of SMP which is paid at 90% AWE. apart from first 6 weeks of SMP which is paid at 90% of AWE. SMP and SAP are payable up to 39 weeks. SPP is payable for up to 2 weeks.
Jobseekers Allowance
   
single person- 25 25 or over
couple - both 18 or over
   
£73.10
£114.85
Universal credit - Monthly rates    
Standard allowance for a single person 25 or over   £317.82
Couples rate (where one or both are 25 or over)   498.89
The new universal credit is being phased in gradually    
National living wage - Workers 25 and over - £7.20 from April 2016 and £7.50 from April 2017
National Minimum Wage
Age
From October 1st 2016
From October 1st 2017
21 and over
£6.95
£7.05
18 to 20
£5.55
£5.60
16 and 17
£4.00
£4.05
Apprentices*
£3.40
£3.50
CORPORATION TAX
Financial Year to:
31 March 2017
31 March 2018
Corporation Tax rate   20% 19%