Nixon Williams

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Taxes

PAYE (on £50,000, Tax code 1250L, Fiscal Year 2019/2020)

Band Rate Lower Limit Upper Limit Tax
Basic rate 20% 0 £37,500 £7,500
Higher rate 40% £37,500 £150,000 £0
Additional rate 45% £150,000 - £0
      Total Tax: £7,500

Employees NI (on £50,000, 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 £4,964
rate above upper earnings limit 2% £962 - £0
      Total Tax: £4,964