PAYE (on £50,000, Tax code 1060L, Fiscal Year 2015/2016)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £31,785 | £6,357 |
| Higher rate | 40% | £31,785 | £150,000 | £3,046 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £9,403 |
Employees NI (on £50,000, Fiscal Year 2015/2016)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £155 | 0 |
| rate below upper earnings limit | 12% | £155 | £815 | £4,118 |
| rate above upper earnings limit | 2% | £815 | - | £152 |
| Total Tax: | £4,270 |