Note: From the 2010-11 tax year the Personal Allowance reduces where the income
is above £100,000 – by £1 for every £2 of income above the £100,000 limit. Because
your income is above
£100,000
your tax allowance has been reduced from
£11,850
to
£4,560.
PAYE (on £8,000, Tax code 456L, Fiscal Year 2018/2019)
Band |
Rate |
Lower Limit |
Upper Limit |
Tax |
Basic rate |
20% |
0 |
£34,500 |
£688 |
Higher rate |
40% |
£34,500 |
£150,000 |
£0 |
Additional rate |
45% |
£150,000 |
- |
£0 |
|
|
|
Total Tax:
|
£688
|
Employees NI (on £8,000, Fiscal Year 2018/2019)
Band |
Rate |
Lower Limit |
Upper Limit |
Tax |
Primary threshold |
0% |
0 |
£162 |
0 |
rate below upper earnings limit |
12% |
£162 |
£892 |
£0 |
rate above upper earnings limit |
2% |
£892 |
- |
£0 |
|
|
|
Total Tax:
|
£0
|
Employers NI (on £8,000, Fiscal Year 2018/2019)
Band |
Rate |
Lower Limit |
Upper Limit |
Tax |
Secondary class 1 rate |
13.8% |
£162 |
- |
£0 |
|
|
|
Total Tax:
|
£0
|
IR35 Taxes (on Deemed Payment of £106,560, Fiscal Year 2018/2019)
Additional Employers NI |
£14,705
|
Additional Employees NI |
£5,918
|
Additional Paye |
£37,100
|
Total Taxes payable in April |
£57,724
|