The RTX5080 draws up to 300W (I'm ignoring short duration transients).
https://www.tomshardware.com/pc-components/gpus/nvidia-geforce-rtx-5080-review/8
This link shows RTX 5080 TDP max 360W.
https://www.techpowerup.com/gpu-specs/geforce-rtx-5080.c4217
The 14700K (stock) could pull up to 279W.
https://www.techpowerup.com/review/intel-core-i7-14700k/22.html
Outside of stress testing, you're unlikely to exceed these figures unless you overclock the GPU or CPU.
Only overclocking I've done is XMP in BIOS, if this is considered overclocking?
Yes XMP is overclocking, but it won't make a significant difference in power consumption.
If you've already purchased the PSU, try it out in the new system. Connect a Kill A Watt meter to the ATX PSU and monitor the power draw. I doubt you'll see more than 600W in games or render apps. Stress testing is a different matter, but I only run such tests long enough to check stability, if I'm overclocking the CPU or GPU.
Some PSU reviewers apply a 110% load to check temperature stability. In many cases, a good quality PSU will run quite happily up to 115% before tripping. If the trip levels are set too loose, it might not trip till 125% (25% overload).
Conversely, really bad PSUs may stop working at 50% rated power ($20 junk).
Higher power GPUs (5080 and especially 5090) can be demanding of PSUs as regards transient (milliecond) current spikes of 2x normal level. If your PSU has electrolytics with good capacity reserves and high current MOSFETs, you should survive such short term spikes.
If you do experience transient problems, you may have to upgrade your PSU. Use the latest NVidia drivers and the latest mobo BIOS.