can someone please help me with this Question '

i have taken pictures of the tax table below and other information. please let me know what else i can add to help out!

what does slabs mean?

UK tax law is needed in this NOT US please.

Kish is an employee of Sin Ltd and his only source of income in 2019/20 is the remuneration received from Sin Ltd. Kish pays 5% of his salary into the company pension scheme and Sin Ltd pays 2% contributions. Kish also paid 24,000 (net) into his personal pension scheme. The company accounts show the following remuneration paid to Kish: Salary Bonus 30 June 2019 120,000 5,000 30 June 2020 128,000 8,000 The bonuses are paid on 1 January following Sin Ltd's year end. Calculate Kish's total tax liability for the tax year 2019/20. Calculate the maximum personal pension contribution that Kish can make in the tax year 2020/21 assuming his salary remains the same. You should assume the tax rates for 2019/20 continue to apply in the future. (10 marks) Tax Rates and Allowances 2019/20 Income Tax Main Personal Allowances Personal allowance Income limit for personal allowance (Note 1) Marriage allowance (Note 2) 12,500 100,000 1,250 Note 1: When income exceeds the limit a clawback applies reducing the personal allowance by 1 for every 2 above the limit. Note 2: Spouses/civil partners are able to transfer 1,250 of their unused personal allowance to their partner if both are basic rate taxpayers. Tax Rates and Taxable Bands / Normal rate Dividend rate 20% 7.5% Basic rate O - 37,500 Higher rate 37,501 - 150,000 40% 32.5% Additional rate Over 150,000 45% 38.1% Note 3. A personal savings allowance applies at a 0% tax rate applied after the personal allowance have been applied as follows: f Basic rate taxpayers 1,000 Higher rate taxpayers 500 Additional rate taxpayers Nil Note 3. A personal savings allowance applies at a 0% tax rate, applied after the personal allowance have been applied as follows: Basic rate taxpayers 1,000 Higher rate taxpayers 500 Additional rate taxpayers Nil Note 4: The first 2,000 of dividend income is taxed at 0% for all taxpayers. Note 5: The first 7,500 of rental income from renting part of the taxpayer's home is tax free if rent a room relief is claimed. Pension Scheme Limits Annual allowance Lifetime allowance Maximum contribution than can qualify for tax relief without earnings 40,000 1,055,000 3,600 ISA Annual Subscription Limit Overall Individual savings Accounts limit Lifetime ISA (18 to 40) Help to buy ISA 1,000 (initial maximum investment) then 200 per month 20,000 4,000 45p 25p Relevant to Employees Authorised Mileage Allowances When an employee has business usage of their own car Up to 10,000 miles Over 10,000 miles Car Benefit Percentage 0-50 g/km 51 - 75 g/km 76 - 94 g/km 95g/km (the base level of emissions) Each additional 5 g/km above the base level Diesel additional surcharge Maximum rate 16% 19% 22% 23% +1% +4% 37% Car Fuel Benefit The base figure for calculating car fuel benefits 24,100 Relevant to Traders Capital Allowances Plant and Machinery Main pool Special rate pool Energy & water efficient equipment 18% 6% 100% Motor Cars CO2 emissions up to 50 grams per kilometre CO2 emissions over 50 grams up to 110 grams per kilometre CO2 emissions over 110 grams per kilometre 100% 18% 6% Annual Investment allowance Rate of allowance Expenditure limit 100% 1,000,000 Styles Capital Gains Tax Annual exemption Standard rate of tax (assets other than residential property) Higher rate of tax (assets other than residential property) Standard rate of tax on residential property Higher rate of tax on residential property 12,000 10% 20% 18% 28% Entrepreneurs' relief For trading businesses and companies held for at least one year (minimum 5% employee shareholding) Lifetime limit of gains Rate of tax 10,000,000 10% Lease Premium Formulae Capital proportion is 2% (n-1) P Chattels Formulae Gains restricted to 5/3(gross proceeds - 6,000) National Insurance (not contracted-out rates) Primary Class 1 employees 0 - 8,632 per year Above 8,632 - 50,000 per year Above 50,000 per year Secondary Class 1 employer 0 - 8,632 per year Above 8,632 per year % Nil 12.0 2.0 Nil 13.8 ---- Paragraph Class 1 employer O - 8,632 per year Above 8,632 per year Styles Nil 13.8 Class 1A employer On benefits in kind 13.8 Sole traders Class 2 Paid weekly If earnings are above the small profits threshold of 6,365 pa 3pw Class 4 0 - 8,632 per year Above 8,632 - 50,000 per year Above 50,000 per year Nil 9.0 2.0 Rates of Interest Official rate of interest for benefits in kind Rate of interest on underpaid tax Rate of interest on overpaid tax 2.50% 3.25% 0.50% Supplementary Instructions 1. You should assume that the tax rates and allowances for the tax year 2019/20 will continue to apply for the foreseeable future unless you are instructed otherwise. 2. Calculations and workings need only be made to the nearest . All apportionments should be made to the nearest Styles Personal pension scheme (Stakeholder pension scheme) Occupational pension scheme Company pension scheme Available to employees or sole traders (and also non earners) Available to those in employment where the employer operates an approved scheme. Maximum contributions which will attract Maximum contributions which will attract relief is higher of relief is higher 1. 3,600 (gross) or 1. 3,600 (gross) or 2.100% of Relevant Earnings Capped at the annual limit 2.100% of Relevant Earnings Capped at the annual limit 40k UK Relevant Earnings (NRE) Trading income (net of losses) Employment income Furnished holiday lettings UK Relevant Earnings will be employment income. (Capped at the annual limit of 40,000) (Capped at the annual limit of 40K) 20% tax relief is given at source by fund Employees obtain tax relief at source manager reclaiming basic rate income through the payroll. tax. If taxpayer is a basic rate taxpayer then no adjustment is needed in the Employment income in the computation computation as relief given already is reduced by the gross pension contribution Higher rate taxpavers get the extra tax Income Tax rates and bands Band Taxable income Tax rate Personal Allowance Up to 12,500 0% Basic rate 20% 12,501 to 50,000 Higher rate 40% 50,001 to 150,000 Additional rate over 150,000 45% Kish is an employee of Sin Ltd and his only source of income in 2019/20 is the remuneration received from Sin Ltd. Kish pays 5% of his salary into the company pension scheme and Sin Ltd pays 2% contributions. Kish also paid 24,000 (net) into his personal pension scheme. The company accounts show the following remuneration paid to Kish: Salary Bonus 30 June 2019 120,000 5,000 30 June 2020 128,000 8,000 The bonuses are paid on 1 January following Sin Ltd's year end. Calculate Kish's total tax liability for the tax year 2019/20. Calculate the maximum personal pension contribution that Kish can make in the tax year 2020/21 assuming his salary remains the same. You should assume the tax rates for 2019/20 continue to apply in the future. (10 marks) Tax Rates and Allowances 2019/20 Income Tax Main Personal Allowances Personal allowance Income limit for personal allowance (Note 1) Marriage allowance (Note 2) 12,500 100,000 1,250 Note 1: When income exceeds the limit a clawback applies reducing the personal allowance by 1 for every 2 above the limit. Note 2: Spouses/civil partners are able to transfer 1,250 of their unused personal allowance to their partner if both are basic rate taxpayers. Tax Rates and Taxable Bands / Normal rate Dividend rate 20% 7.5% Basic rate O - 37,500 Higher rate 37,501 - 150,000 40% 32.5% Additional rate Over 150,000 45% 38.1% Note 3. A personal savings allowance applies at a 0% tax rate applied after the personal allowance have been applied as follows: f Basic rate taxpayers 1,000 Higher rate taxpayers 500 Additional rate taxpayers Nil Note 3. A personal savings allowance applies at a 0% tax rate, applied after the personal allowance have been applied as follows: Basic rate taxpayers 1,000 Higher rate taxpayers 500 Additional rate taxpayers Nil Note 4: The first 2,000 of dividend income is taxed at 0% for all taxpayers. Note 5: The first 7,500 of rental income from renting part of the taxpayer's home is tax free if rent a room relief is claimed. Pension Scheme Limits Annual allowance Lifetime allowance Maximum contribution than can qualify for tax relief without earnings 40,000 1,055,000 3,600 ISA Annual Subscription Limit Overall Individual savings Accounts limit Lifetime ISA (18 to 40) Help to buy ISA 1,000 (initial maximum investment) then 200 per month 20,000 4,000 45p 25p Relevant to Employees Authorised Mileage Allowances When an employee has business usage of their own car Up to 10,000 miles Over 10,000 miles Car Benefit Percentage 0-50 g/km 51 - 75 g/km 76 - 94 g/km 95g/km (the base level of emissions) Each additional 5 g/km above the base level Diesel additional surcharge Maximum rate 16% 19% 22% 23% +1% +4% 37% Car Fuel Benefit The base figure for calculating car fuel benefits 24,100 Relevant to Traders Capital Allowances Plant and Machinery Main pool Special rate pool Energy & water efficient equipment 18% 6% 100% Motor Cars CO2 emissions up to 50 grams per kilometre CO2 emissions over 50 grams up to 110 grams per kilometre CO2 emissions over 110 grams per kilometre 100% 18% 6% Annual Investment allowance Rate of allowance Expenditure limit 100% 1,000,000 Styles Capital Gains Tax Annual exemption Standard rate of tax (assets other than residential property) Higher rate of tax (assets other than residential property) Standard rate of tax on residential property Higher rate of tax on residential property 12,000 10% 20% 18% 28% Entrepreneurs' relief For trading businesses and companies held for at least one year (minimum 5% employee shareholding) Lifetime limit of gains Rate of tax 10,000,000 10% Lease Premium Formulae Capital proportion is 2% (n-1) P Chattels Formulae Gains restricted to 5/3(gross proceeds - 6,000) National Insurance (not contracted-out rates) Primary Class 1 employees 0 - 8,632 per year Above 8,632 - 50,000 per year Above 50,000 per year Secondary Class 1 employer 0 - 8,632 per year Above 8,632 per year % Nil 12.0 2.0 Nil 13.8 ---- Paragraph Class 1 employer O - 8,632 per year Above 8,632 per year Styles Nil 13.8 Class 1A employer On benefits in kind 13.8 Sole traders Class 2 Paid weekly If earnings are above the small profits threshold of 6,365 pa 3pw Class 4 0 - 8,632 per year Above 8,632 - 50,000 per year Above 50,000 per year Nil 9.0 2.0 Rates of Interest Official rate of interest for benefits in kind Rate of interest on underpaid tax Rate of interest on overpaid tax 2.50% 3.25% 0.50% Supplementary Instructions 1. You should assume that the tax rates and allowances for the tax year 2019/20 will continue to apply for the foreseeable future unless you are instructed otherwise. 2. Calculations and workings need only be made to the nearest . All apportionments should be made to the nearest Styles Personal pension scheme (Stakeholder pension scheme) Occupational pension scheme Company pension scheme Available to employees or sole traders (and also non earners) Available to those in employment where the employer operates an approved scheme. Maximum contributions which will attract Maximum contributions which will attract relief is higher of relief is higher 1. 3,600 (gross) or 1. 3,600 (gross) or 2.100% of Relevant Earnings Capped at the annual limit 2.100% of Relevant Earnings Capped at the annual limit 40k UK Relevant Earnings (NRE) Trading income (net of losses) Employment income Furnished holiday lettings UK Relevant Earnings will be employment income. (Capped at the annual limit of 40,000) (Capped at the annual limit of 40K) 20% tax relief is given at source by fund Employees obtain tax relief at source manager reclaiming basic rate income through the payroll. tax. If taxpayer is a basic rate taxpayer then no adjustment is needed in the Employment income in the computation computation as relief given already is reduced by the gross pension contribution Higher rate taxpavers get the extra tax Income Tax rates and bands Band Taxable income Tax rate Personal Allowance Up to 12,500 0% Basic rate 20% 12,501 to 50,000 Higher rate 40% 50,001 to 150,000 Additional rate over 150,000 45%