web analytics

iknowtax.com

UK Tax & NI Calculator 2018 - 2019

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]

2018 - 2019 Tax and NI calculator UK

These rates are from Autumn Budget 2017 released by the Chancellor due to be active from April 2018. For the current tax year please see 2017-2018

Personal Allowance 2018 - 2019

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.

Earning Personal Allowance (per year)
If you are earning up to 100,000 11,850
If you are earning between 100,000 and 123,700 Decreases from 11,000 by 50% of every pound you earn (above 100,000) until it reaches 0
If you are earning 123,700 or more 0
Blind person receive an additional amount of 2390 on top of the personal allowance

Tax Rates 2018 - 2019

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 2018 - 2019 That is
Under your Personal Allowance amount No tax taken 0
0 - 34,500 20% Basic rate
34,501 - 150,000 40% Higher rate
over 150,000 45% Additional rate

National Insurance Rates 2018 - 2019

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.

Below are Class 1 National Insurance rates which is applied to anyone who's employed.

These rates apply to different portions of your earning

Your Earning [Per year] National Insurance Rate That is
Earnings up to 8424 0% No National Insurance contribution is payable
Earnings between 8424 and 46,384 12% Salary minus 8424 = X, 12% of X
Earnings 46,384 or more 2% 46,384 minus 8424 = 36,868, 12% of 37,960 plus salary minus 46,384 = X, 2% of X

How is tax calculated?

Share |

Was this easy to understand and useful? Did you find anything confusing? Got any questions about iknowtax.com? Please let me know by emailing admin@iknowtax.com, commenting below or on iknowtax.com facebook page.

Privacy: This tool/website does not collect any salary information you enter to calculate your tax.

Disclaimer: I am not a tax professional, so please do not use this information to make any big decisions. Do consult a professional when making any big decisions.

All your emails are welcome. I read every email sent to me. Email: admin@iknowtax.com