PAYE (on £51,000, 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 | £3,654 |
Additional rate | 45% | £150,000 | - | £0 |
Total Tax: | £10,027 |
Employees NI (on £51,000, 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 | - | £182 |
Total Tax: | £4,251 |