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Taxes

PAYE (on £8,000, Tax code 1257L, Fiscal Year 2025/2026)

Band Rate Lower Limit Upper Limit Tax
Basic rate 20% 0 £37,700 £0
Higher rate 40% £37,700 £125,140 £0
Additional rate 45% £125,140 - £0
Total Tax: £0

Employees NI (on £8,000, Fiscal Year 2025/2026)

Band Rate Lower Limit Upper Limit Tax
Primary threshold 0% 0 £242 0
rate below upper earnings limit 8% £242 £967 £0
rate above upper earnings limit 2% £967 - £0
Total Tax: £0

Employers NI (on £8,000, Fiscal Year 2025/2026)

Band Rate Lower Limit Upper Limit Tax
Secondary class 1 rate 15% £96 - £451
Total Tax: £451

IR35 Taxes (on Deemed Payment of £24,118, Fiscal Year 2025/2026)

Additional Employers NI £3,617
Additional Employees NI £1,562
Additional Paye £3,909
Total Taxes payable in April £9,090