PAYE

Pay As You Earn (PAYE) is a way of paying income tax and national insurance contributions and is deducted by your employer.

What is PAYE?

PAYE means Pay as you earn, which basically means all the money deducted from your wage for tax. This is how you pay both your income tax and your national insurance. You are allowed up to a certain amount before you need to pay any income tax.

What are the tax brackets?
Band Taxable income Tax rate
Personal Allowance Up to £12,500 0%
Basic rate £12,501 to £50,000 20%
Higher rate £50,001 to £150,000 40%
Additional rate over £150,000 45%

What we do

We will do all of your PAYE calculations to make sure you don’t have any negative surprised or unexpected amounts arise.

So, why LLA?

We pride ourselves on our professionalism and we make sure the T’s are crossed and the I’s are dotted so that you know you are in safe hands.

Honest & Trustworthy

With our number of combined years in the industry, LLA is a name you can trust for both personal and financial services.

Customer Service

Unlike some accountants, we are very easily contactable and we are happy to answer any questions you might have. 

Customized Plans

We understand that you might need more than one of our services so  we are happy to make a plan to cover all your needs. 

Alerts and Reminders

Whether it is your self assessment or your corporation tax date that is looming, we will be in touch in good time to remind you.

Policy Management

As everything moves from paper to data, you can request to view your documents electronically at any time. 

Cost Effective Solutions

Not only do we take care of all your financial worries, we do so at a fair and competitive price.

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