PAYE (on £50,000, Tax code 1257L, Fiscal Year 2004/2005)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Starting rate | 10% | 0 | £2,020 | £202 |
| Basic rate | 22% | £2,020 | £31,400 | £6,463 |
| Higher rate | 40% | £31,400 | - | £2,412 |
| Total Tax: | £9,077 |
Employees NI (on £50,000, 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 | £2,968 |
| rate above upper earnings limit | 1% | £610 | - | £182 |
| Total Tax: | £3,151 |