PAYE (on £50,000, Tax code 1185L, Fiscal Year 2018/2019)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £34,500 | £6,900 |
| Higher rate | 40% | £34,500 | £150,000 | £1,460 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £8,360 |
Employees NI (on £50,000, 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 | £4,555 |
| rate above upper earnings limit | 2% | £892 | - | £72 |
| Total Tax: | £4,627 |