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 £3,280.
PAYE (on £8,000, Tax code 328L, Fiscal Year 2018/2019)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £34,500 | £944 |
| Higher rate | 40% | £34,500 | £150,000 | £0 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £944 |
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 £109,136, Fiscal Year 2018/2019)
| Additional Employers NI | £15,060 |
| Additional Employees NI | £5,970 |
| Additional Paye | £38,642 |
| Total Taxes payable in April | £59,673 |