PAYE (on £50,000, Tax code 1250L, Fiscal Year 2020/2021)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £37,500 | £7,500 |
| Higher rate | 40% | £37,500 | £150,000 | £0 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £7,500 |
Employees NI (on £50,000, Fiscal Year 2020/2021)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £183 | 0 |
| rate below upper earnings limit | 12% | £183 | £962 | £4,858 |
| rate above upper earnings limit | 2% | £962 | - | £0 |
| Total Tax: | £4,858 |