PAYE (on £51,000, Tax code 1257L, Fiscal Year 2024/2025)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Basic rate | 20% | 0 | £37,700 | £7,540 |
Higher rate | 40% | £37,700 | £125,140 | £292 |
Additional rate | 45% | £125,140 | - | £0 |
Total Tax: | £7,832 |
Employees NI (on £51,000, Fiscal Year 2024/2025)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £242 | 0 |
rate below upper earnings limit | 8% | £242 | £967 | £3,016 |
rate above upper earnings limit | 2% | £967 | - | £14 |
Total Tax: | £3,030 |