PAYE (on £50,000, Tax code 1000L, Fiscal Year 2014/2015)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £31,865 | £6,373 |
| Higher rate | 40% | £31,865 | £150,000 | £3,254 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £9,627 |
Employees NI (on £50,000, Fiscal Year 2014/2015)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £153 | 0 |
| rate below upper earnings limit | 12% | £153 | £805 | £4,068 |
| rate above upper earnings limit | 2% | £805 | - | £162 |
| Total Tax: | £4,231 |