PAYE (on £6,000, Tax code 1257L, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Starting rate | 10% | 0 | £2,020 | £0 |
Basic rate | 22% | £2,020 | £31,400 | £0 |
Higher rate | 40% | £31,400 | - | £0 |
Total Tax: | £0 |
Employees NI (on £6,000, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £91 | 0 |
rate below upper earnings limit | 11% | £91 | £610 | £139 |
rate above upper earnings limit | 1% | £610 | - | £0 |
Total Tax: | £139 |
Employers NI (on £6,000, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Secondary class 1 rate | 12.8% | £91 | - | £162 |
Total Tax: | £162 |
IR35 Taxes (on Deemed Payment of £55,716, Fiscal Year 2004/2005)
Additional Employers NI | £7,131 |
Additional Employees NI | £3,129 |
Additional Paye | £13,764 |
Total Taxes payable in April | £24,025 |