PAYE (on £5,000, Tax code 1257L, Fiscal Year 2025/2026)
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| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £37,700 | £0 |
| Higher rate | 40% | £37,700 | £125,140 | £0 |
| Additional rate | 45% | £125,140 | - | £0 |
| Total Tax: | £0 |
Employees NI (on £5,000, Fiscal Year 2025/2026)
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| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £242 | 0 |
| rate below upper earnings limit | 8% | £242 | £967 | £0 |
| rate above upper earnings limit | 2% | £967 | - | £0 |
| Total Tax: | £0 |
Employers NI (on £5,000, Fiscal Year 2025/2026)
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| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Secondary class 1 rate | 15% | £96 | - | £1.2 |
| Total Tax: | £1.2 |
Corporation Tax (on £59,945, Fiscal Year 2025/2026)
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| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Small profits rate | 19% | 0 | £50,000 | £0 |
| Marginal relief | 3/200 | £50,000 | £250,000 | (£2,850) |
| Main rate | 25% | £250,000 | - | £14,986 |
| Total Tax: | £12,135 |
Dividend Payment (First Shareholder, Fiscal Year 2025/2026)
| Salary | £5,000 |
| Net Dividend | £47,810 |
| Grossed up dividend (pre 2016/2017) | N/A |
| Tax code | 1257L |
| Taxable income (taxable dividends + salary - allowance) | £40,240 |
| Amount subject to tax | £39,740 |
| Dividend tax | £4,112 |
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| basic rate | 8.75% | 0 | £37,700 | £3,255 |
| higher rate | 33.75% | £37,700 | £125,140 | £857 |
| additional rate | 39.35% | £125,140 | - | £0 |
| Total Tax: | £4,112 |