PAYE (on £8,000, Tax code 1150L, Fiscal Year 2017/2018)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Basic rate | 20% | 0 | £33,500 | £0 |
Higher rate | 40% | £33,500 | £150,000 | £0 |
Additional rate | 45% | £150,000 | - | £0 |
Total Tax: | £0 |
Employees NI (on £8,000, Fiscal Year 2017/2018)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £157 | 0 |
rate below upper earnings limit | 12% | £157 | £866 | £0 |
rate above upper earnings limit | 2% | £866 | - | £0 |
Total Tax: | £0 |
Employers NI (on £8,000, Fiscal Year 2017/2018)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Secondary class 1 rate | 13.8% | £157 | - | £0 |
Total Tax: | £0 |
IR35 Taxes (on Deemed Payment of £60,582, Fiscal Year 2017/2018)
Additional Employers NI | £8,360 |
Additional Employees NI | £4,895 |
Additional Paye | £16,132 |
Total Taxes payable in April | £29,388 |