PAYE (on £50,000, Tax code 1257L, Fiscal Year 2021/2022)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Basic rate | 20% | 0 | £37,700 | £7,486 |
Higher rate | 40% | £37,700 | £150,000 | £0 |
Additional rate | 45% | £150,000 | - | £0 |
Total Tax: | £7,486 |
Employees NI (on £50,000, Fiscal Year 2021/2022)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £184 | 0 |
rate below upper earnings limit | 12% | £184 | £967 | £4,851 |
rate above upper earnings limit | 2% | £967 | - | £0 |
Total Tax: | £4,851 |