Subject | Yearly | Monthly | Weekly |
---|---|---|---|
Your Income | 0.00 | 0.00 | 0.00 |
Income Tax | 0.00 | 0.00 | 0.00 |
National Insurance | 0.00 | 0.00 | 0.00 |
Student Loan | 0.00 | 0.00 | 0.00 |
Take Home Pay | 0.00 | 0.00 | 0.00 |
Band | Taxable | Tax Rate |
---|---|---|
Personal Allowance | Up to 12,500 | 0 % |
Basic Rate | 12,501 - 50,000 | 20 % |
Higher Rate | 50,001- 150,000 | 40 % |
Additinal Rate | above 150,000 | 45 % |
Income tax slabs in the UK ( Wales, England and Northern Ireland ) are displayed at the right-hand side. The highest rate of income tax in the UK is 45%. If your annual salary is above 150,000 then you have to pay a higher income tax rate.
This service allows you to estimate how much Income Tax and National Insurance you should pay for the current year. To the left-hand side, you can see the take home salary calculator. To the right-hand side, you can see UK tax bands. based on your band your taxable pay will be deducted along with National Insurance and your take home pay will be shown. Tax rates are shown on the salary range. More your salary more taxable it would be.
The calculator tells you your take home salary by deducting your tax and National Insurance.Take home salary calculator will help you to calculate your income based on yearly, monthly and weekly bases. It will also show you your National Insurance deductions.
When you click on "Calculate" button, The table below will display the take home salary as you requested after deducting income tax and national insurance. The table will also display your take home pay on the bases of yearly, monthly and weekly.
The above income tax bands apply to England, Wales and Northern Ireland. For Scotland, there are separate income tax rates and bands. Find out more here.
Income tax deduction depends:
Taxable Amount | Rate |
---|---|
Up to 12,500 | 0 % - Personal Allowance |
12,501 - 50,000 | 20 % - Basic Rate |
50,001- 150,000 | 40 % - Higher Rate |
above 150,000 | 45 % - Additinal Rate |
Taxable Amount | Rate |
---|---|
Up to 12,500 | 0 % - Personal Allowance |
Above 12,500 - 14,549 | 19 % - Starter Rate |
Above 14,549 - 24,944 | 20 % - Basic Rate |
Above 24,944 - 43,430 | 21 % - Intermediate Rate |
Above 43,430 - 150,000 | 41 % - Higher Rate |
Above 150,000 | 46 % - Top Rate |
Tax free personal allowance is on 12,500, On this amount you do not have to pay any income tax. This is the basic amount of income before paying any income tax. A person who receives less than their own personal allowance in taxable income in a given tax year does not pay income tax.
The above post allows you to discover your take home salary in the UK after deduction income tax and national insurance.
In England, Wales and Northern Ireland basic rate is 20% for salary from 12,500 up to 50,000. In Scotland tax is payable at three different rates i.e 19%, 20% and 21% on taxable income up to 43,430.
If you live in England, Wales and Northern Ireland and your taxable income is or more than 50,000, You will have to pay higher rate of 40% income tax. 40% is taxable on income above 50,000 and up to 150,000. If you live in Scotland you will have to pay the higher rate of 41% tax on the amount above 43,431 up to 150,000.
If you live in England, Wales and Northern Ireland and your taxable income is above 50,000 but up to 150,000, You will have to pay additional rate of 45% on your income. If you live in Scotland the additional rate will be 46% on your income.
The above post allows you to discover your take home salary in the UK after deduction income tax and national insurance.