PAYE (on £50,000, Tax code 1150L, Fiscal Year 2017/2018)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £33,500 | £6,700 |
| Higher rate | 40% | £33,500 | £150,000 | £2,000 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £8,700 |
Employees NI (on £50,000, Fiscal Year 2017/2018)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £157 | 0 |
| rate below upper earnings limit | 12% | £157 | £866 | £4,424 |
| rate above upper earnings limit | 2% | £866 | - | £99 |
| Total Tax: | £4,523 |