Enter your salary and click show to calculate how much tax you pay
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Hourly |
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Employers NI |
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| Umbrella Company
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| Expense |
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| Salary |
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| Taxable income |
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Personal Allowance |
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| Married Couples Allowance |
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| Tax paid |
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| NI contribution |
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| Total deduction |
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| You Take Home |
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| Compare: Take Home 2011 [click show] |
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2013 - 2014 income tax and
NI calculator
UK
Personal Allowance is the portion of your earning where tax is not applied,
making that portion of your earning tax free.
| Age |
Condition |
Personal Allowance (per year) |
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If you are earning up to £100,000 |
£9440▲ |
| Under 65 |
If you are earning between £100,000 and
£118,880▲ |
Decreases from
£9440▲ by 50% of every pound you earn
(above £100,000) until it reaches £0 |
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If you are earning £118,880▲ or more |
£0
|
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If you are earning up to £26,100▲ |
£10,500 |
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If you are earning between £26,100▲ and
£28,220▲ |
Decreases from
£10,500 by 50% of every pound you earn
(above £26,100▲) until it reaches
£9440▲ |
| 65 - 74 |
If you are earning from
£28,220▲ to £100,000 |
£9440▲ |
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If you are earning between £100,000 and
£118,880▲ |
Decreases from
£9440▲ by 50% of every pound you earn
(above £100,000) until it reaches £0 |
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If you are earning £118,880▲ or more |
£0 |
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If you are earning up to £26,100▲ |
£10,660 |
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If you are earning between £26,100▲ and
£28,540▲ |
Decreases from
£10,660 by
50% of every pound you earn (above £26,100)
until it reaches £9440▲ |
| 75 and over |
If you are earning from
£28,540 to £100,000 |
£9440▲ |
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If you are earning between £100,000 and
£118,880▲ |
Decreases from
£9440▲ by 50% of every pound you earn
(above £100,000) until it reaches £0 |
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If you are earning £118,880▲ or more |
£0 |
| Blind person get an additional amount of £2160▲ on top of
the personal allowance |
This table is rounded up to the nearest pound
These rates are used to apply to the different portions of your earning
| Your earning [per year
after
taking away your Personal Allowance amount from your earning] |
Tax rate 2013 - 2014 |
that is |
| Under your personal allowance amount |
No tax is taken |
£0 |
£0 - £32,010▼
| 20% |
called basic rate |
|
| £32,011▼ - £150,000 |
40% |
called higher rate |
| over £150,000 |
45%▼ |
called additional rate |
National Insurance Contribution is payable by everyone, until you have
reached the state retirement age. Currently the state retirement age is for
males is 65 years old and females is 60 years old.
| Your earning [per year] |
National Insurance rate
|
that is |
| Earnings up to
£7748▲ |
0% |
No National Insurance contribution is payable |
| Earnings between
£7748▲ and £41,444▼ |
12% |
Salary minus £7748 = X, 12% of X |
| Earnings
£41,444▼ or more |
2% |
£41,444 minus £7748 = £33,696, 12% of £33,696
plus salary minus £41,444 = X, 2% of X |
These rates are used to apply to the different portions of your earning.
To learn how tax is calculated with examples visit
the home page: http://iknowtax.com
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