From the date of birth provided (01/01/1970), by the end of tax year 2020/2021, you will be 51 years old. The calculator will automatically adjust and calculate any pension tax reliefs applicable. UK Weekly Income Tax Calculator This is the most advanced income tax calculator providing a visual breakdown of how your salary is broken up for tax and other deduction purposes. In this case, add the pension relief displayed (tax saving at source column) to your tax deducted amount. You may be able to claim a refund if you’ve paid too much tax.

Please make sure you include the letter and the number part, with no spaces. All payments are deducted from your gross income before tax is calculated, however NI payments are still based upon the full gross income.

TAX CODE - Tax codes are automatically calculated and checked for validity. Employers use this system to take Income Tax and National Insurance contributions from the employee's monthly salary. Self-employed individuals may pay these taxes through Self Assessment, by filling in a tax return at the end of the year. For a tax deduction, please enter a negative number such as -1000 (for a £1,000 deduction). There is no need to claim any tax reliefs as these are provided at source. You can see how the Government spends the money it receives as income tax and national insurance in two chart breakdowns, which show a percentage spent in each department and another chart, which will breakdown the departmental spend into pounds spent from your contributions. The profits wording is important here, as people who are self employed are able to deduct allowable expenses from their turnover before calculating further deductions. We use cookies to collect information about how you use GOV.UK. Every letter provided changes the way your NI Contributions are calculated. This is your total annual salary, before any deductions have been made. If you contribute to a pension scheme, enter the percentage you contribute to the "pension" field.

This tells you your take-home pay if you do not have any other deductions, such as pension contributions or student loans.

2020/21 Income Tax Calculator for salary, payroll and wage slip calculations in the 2020/21 tax year.

With an unemployment rate of only 5.4% and a good social security system, UK is also one of the countries with the highest number of immigrants in Europe — over 7 million people, or about 12% of its population. If you joined the scheme before 6th April 2011, tick the box. If you started your course before 1st September 2012, tick "Plan 1". Multiple Income Tax Calculator. Supported with detailed income tax rate and thresholds you can review for … All tax calculation made by this calculator are based upon annual taxation rates and allowances, so any figures provided with be annualised. ANNUAL BONUS - If you received a bonus payment in the tax year selected, you can either enter it by adding it to the gross income provided or by entering it in this box. We’ll also tell you if you need to do anything, like submit a Self Assessment tax return. We've been hard at work updating our calculator to handle the changes coming in the new financial year. Pay will be calculated using the rules for Pay as You Earn, meaning taxes are worked out cumulatively, so are reliant upon the amount of income, taxation and allowance up to each pay period within the tax year. You can also view historical tax years though certain features and views are restricted, you can see the tax years supported in our list of UK Personal Income Tax Rates and Thresholds. National Insurance and Employers National Insurance contributions also remain unchanged, you can see the 2020 Budget Income Tax Rates here. No nonsense UK income tax salary calculator - updated for the 2019/20 tax year; see your income tax, pension, childcare, student loan and national insurance breakdown. According to the cost of living in London is high, being the 16th most expensive city in Europe. For example, for 2019 the default tax code is 1250L. Each calculator provides the same salary analysis but is tailored to allow you to enter your salary based on how you are used to being paid (hourly, daily etc.) Also for higher rate tax payers, the higher rate won't kick in until earnings exceed £50,000 (£12,500 personal allowance + £37,500 basic tax rate bracket).

Use our salary calculator to check any salary after tax, national insurance and other deductions. If you know your tax code you can enter it, or else leave it blank.

We do not accept liability for any errors or omissions, please read our disclaimer and terms and conditions of use. This tax calculator will be able to automatically calculate any refund due in the above scenario. Get accurate income after tax breakdown in United Kingdom with the most advanced salary calculator. will not be held responsible for any miscalculations as a result of using this application. Calculate how much tax you need to pay (or if you’re owed a tax refund). The capital, London, was named the most popular city in the world five times in the last seven years, ahead of Paris. Answer a few questions below and we will list relevant tax calculators and tools that can help you organise, budget and ultimately save you money! To get in touch, email:, Below is a chart of how the tax on £0.00 has changed over the last 10 years, Save your tax calculation - right click (or tap hold) to copy the following. What features would you like to see on The "Contracted out" field depends on how your pension scheme is considered by HMRC. Estimate how much Income Tax and National Insurance you can expect to pay for the current tax year (6 April 2020 to 5 April 2021) PAYE and Tax calculations can seem complex, the following are taken into consideration when calculating your salary and take home pay: Gross Salary | Tax Free Allowance | Taxable Pay | Tax Due | Your National Insurance | Employer National Insurance | Your Pension Contributions | HMRC Pension Contributions | Net Pay, Top Tip: Did you know you can legally reduce your National Insurance bill and increase your take home pay? A quick 'at a glance' historic tax chart showing how the gross income provided has differed over the last ten tax years. The Tax Calculators on iCalculator are updated for the 2020/21 tax year.

No guarantee is made for the accuracy of the data provided. £1000 Alongside the numeric comparisons, the calculator will also breakdown your tax status, with the following advanced features: We have additional tax calculators across the website to help for alternative circumstances, for example you could need to check your payslip, which are cumulatively taxed. Results will be shown in the right-hand table above.

If you do any overtime, enter the number of hours you do each month and the rate you get paid at - for example, if you did 10 extra hours each month at time-and-a-half, you would enter "10 @ 1.5". Your state pension age is automatically calculated and the exact date at which retirement is applied is shown. If your student loan was taken on before September 1st 2012, the payment threshold is lower than if the loan was taken after. For the. This UK Tax Calculator will make light work of calculating the amount of take home pay you should have after all income tax deductions have been considered. However, all calculations provided are estimates based upon information you provide. The same percentages and bands are used. NIC EXEMPT (No NIC) - If you would like no National Insurance Contributions calculated, ticking this box removes all NIC calculations – you can also set your NIC Letter to X (Exempt). More on tax dates can be found here Most people in the UK will now have an increased personal tax free allowance of £12,500. Personal Allowance taking into account your age, tax code and the 2020/2021 year is £12,500.

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UK Salary Calculator An easy to use, yet advanced salary It is only available if you or your spouse were born before April 6th 1935. Any additional tax due on an annual pay bonus is highlighted for you to show the actual value of the bonus, once considering your regular pay.

You’ve accepted all cookies. Salary sacrifices are covered, both for pensions and childcare vouchers. Read more about Salary Sacrifice. 3 My income is £ Per Year. PENSION TYPE - Three different types of pension scheme are currently supported, providing you with more flexibility when getting an accurate calculation: AUTO-ENROLMENT/QUALIFYING EARNINGS - You can restrict your pension contributions to only the qualifying earnings band (Between the Lower and Upper Earnings Limits). Check your tax code - you may be owed £1,000s: free tax code calculator Transfer unused allowance to your spouse: marriage tax allowance Reduce tax if you wear/wore a uniform: uniform tax rebate Up to £2,000/yr free per child to help with childcare costs: tax-free childcare Take home over £500/mth? Help - find relevant tax tools and calculators - go back to top. CHILDCARE VOUCHERS - The childcare voucher option is applicable only to schemes which were entered into post April 6th 2011. Married people over the age of 75 get a tax rebate - tick this box if this applies to you. If you’re self-employed, the self-employed ready reckoner tool can help you budget for your tax bill.

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