The Social Security Rate For Employees in the United Kingdom stands at 14 percent.

Social Security Rate For Employees in the United Kingdom averaged 11.16 percent from 1981 until 2020, reaching an all time high of 14 percent in 2020 and a record low of 7.75 percent in 1981. This page provides - United Kingdom Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Social Security Rate For Employees - values, historical data and charts - was last updated on July of 2020. source: HM Revenue & Customs

Social Security Rate For Employees in the United Kingdom is expected to reach 14.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Social Security Rate For Employees is projected to trend around 14.00 percent in 2021, according to our econometric models.

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United Kingdom Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
14.00 12.00 14.00 7.75 1981 - 2020 percent Yearly

United Kingdom Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 19.00 19.00 52.00 19.00 percent [+]
Personal Income Tax Rate 45.00 45.00 50.00 40.00 percent [+]
Sales Tax Rate 20.00 20.00 20.00 8.00 percent [+]
Social Security Rate 27.80 25.80 27.80 9.00 percent [+]
Social Security Rate For Companies 13.80 13.80 13.80 10.20 percent [+]
Social Security Rate For Employees 14.00 12.00 14.00 7.75 percent [+]


United Kingdom Social Security Rate For Employees
In the United Kingdom, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of the United Kingdom because they help to pay for many social programs including welfare, health care and many other benefits.