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Taxes

PAYE (on £8,000, Tax code 1250L, Fiscal Year 2019/2020)

Band Rate Lower Limit Upper Limit Tax
Basic rate 20% 0 £37,500 £0
Higher rate 40% £37,500 £150,000 £0
Additional rate 45% £150,000 - £0
      Total Tax: £0

Employees NI (on £8,000, Fiscal Year 2019/2020)

Band Rate Lower Limit Upper Limit Tax
Primary threshold 0% 0 £166 0
rate below upper earnings limit 12% £166 £962 £0
rate above upper earnings limit 2% £962 - £0
      Total Tax: £0

Employers NI (on £8,000, Fiscal Year 2019/2020)

Band Rate Lower Limit Upper Limit Tax
Secondary class 1 rate 13.8% £166 - £0
      Total Tax: £0

IR35 Taxes (on Deemed Payment of £24,769, Fiscal Year 2019/2020)

Additional Employers NI 3,418
Additional Employees NI 2,896
Additional Paye 4,053
Total Taxes payable in April 10,368