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UK Tax & NI Calculator 2014 - 2015

Income Paid: Age:
click for infoBlind
click for infoNo NI
click for infoMCA
weekly hours:
weekly days:
Yearly weeks:
 

Enter your salary and click show to calculate how much tax you pay

  Yearly Monthly Weekly Hourly
Salary
Personal Allowanceclick for info
Tax paid
NI contribution
Total deduction
You Take Home
Compare: Take Home previous year [click show]

2014 - 2015 income tax and NI calculator UK

Personal Allowance 2014 - 2015

What is Personal Allowance? 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)
Under 65 If you are earning up to 100,000 10,000
If you are earning between  100,000 and 120,000 Decreases from 10,000 by 50% of every pound you earn (above 100,000) until it reaches 0
If you are earning 120,000 or more 0
65 - 74 If you are earning up to 27,000 10,500
If you are earning between 27000  and 28,000 Decreases from 10,500 by 50% of every pound you earn (above 27,000) until it reaches 10,000
If you are earning from 28,000 to 100,000 10,000
If you are earning between  100,000 and 120,000 Decreases from 10,000 by 50% of every pound you earn (above 100,000) until it reaches 0
If you are earning 120,000 or more 0
75 and over If you are earning up to 27,000 10,660
If you are earning between 27,000 and 28,320 Decreases from 10,660 by 50% of every pound you earn (above 27,000) until it reaches 10,000
If you are earning from 28,320 to 100,000 10,000
If you are earning between  100,000 and 120,000 Decreases from 10,000 by 50% of every pound you earn (above 100,000) until it reaches 0
If you are earning 120,000 or more 0
Blind person receive an additional amount of 2230 on top of the personal allowance

Tax Rates 2014 - 2015

These rates apply to different portions of your earning

Your earning [per year after taking away your Personal Allowance amount from your earning] Tax Rate 2014 - 2015 That is
Under your Personal Allowance amount No tax taken 0
0 - 31,865 20% basic rate
31,866 - 150,000 40% higher rate
over 150,000 45% additional rate

National Insurance Rates 2014 - 2015

National Insurance Contribution is payable by everyone, until they have reached the state retirement age. National Insurance pays for their state pension and other state benefits.

These rates apply to different portions of your earning

Your Earning [Per year] National Insurance Rate That is
Earnings up to 7956 0% No National Insurance contribution is payable
Earnings between 7956 and 41,860 12% Salary minus 7956 = X, 12% of X
Earnings 41,860 or more 2% 41,860 minus 7956 =  33,904, 12% of 33,904 plus salary minus 41,860 = X, 2% of X

How is tax calculated?

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