PAYE (on £8,000, Tax code 1250L, Fiscal Year 2020/2021)
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 2020/2021)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £183 | 0 |
rate below upper earnings limit | 12% | £183 | £962 | £0 |
rate above upper earnings limit | 2% | £962 | - | £0 |
Total Tax: | £0 |
Employers NI (on £8,000, Fiscal Year 2020/2021)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Secondary class 1 rate | 13.8% | £169 | - | £0 |
Total Tax: | £0 |
IR35 Taxes (on Deemed Payment of £76,743, Fiscal Year 2020/2021)
Additional Employers NI | £10,590 |
Additional Employees NI | £5,555 |
Additional Paye | £21,397 |
Total Taxes payable in April | £37,543 |