PAYE (on £40,613, Tax code 1250L, Fiscal Year 2019/2020)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Basic rate | 20% | 0 | £37,500 | £5,622 |
Higher rate | 40% | £37,500 | £150,000 | £0 |
Additional rate | 45% | £150,000 | - | £0 |
Total Tax: | £5,622 |
Employees NI (on £40,613, 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 | £3,837 |
rate above upper earnings limit | 2% | £962 | - | £0 |
Total Tax: | £3,837 |