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. Each pay calculator includes personal tax allowances, calculates your National Insurance Contributions and your Employers National Insurance Contributions, deductions PAYE etc. Table of income tax bands by tax year. MSE's Editorial Code. We use this information to make the website work as well as possible and improve government services. If you have more than one job, use the calculator once for each job. Student loan, pension contributions, bonuses, company car, dividends, Scottish tax and many more advanced features available. All content is available under the Open Government Licence v3.0, except where otherwise stated, National restrictions in England from 5 November, check your Income Tax payments for the current year, check how much you paid last year (6 April 2019 to 5 April 2020), estimate how much you should have paid in a previous year, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, your only income is from self employment or, you contribute to a pension scheme through your employer. If you started your undergraduate course before 1st September 2012, or you lived in Scotland or Northern Ireland, your loan will be repaid under "Plan 1". If your pension is not auto-enrolment, you can choose whether your contribution is based on your whole gross salary, or your "Qualifying Earnings", which is the amount you earn between the auto-enrolment thresholds described in the previous paragraph. 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? The simple UK income tax calculator. MoneySaving guides, tips, tools and techniques, but can't guarantee to Income taxes in Scotland are different. get it. research on top to ensure it's right for your specific circumstances If you do not know the percentage that you contribute, you can instead choose to enter the amount, in pounds and pence, that you contribute from each payslip. Instead of the usual columns in the results table, you will see your yearly totals and a comparison of your bonus period with a normal period. Enter the number of hours, and the rate at which you will get paid. This is treated as a one-off payment in a single pay period. Alternatively, you can use our calculator to work out your total tax bill - simply enter your salary below. This tells you your take-home pay if you do not have any other deductions, such as pension contributions or student loans. New! Income Tax Calculator uses UK tax brackets and personal allowance thresholds which are verified to HMRC's rates and allowances for Income Tax and National Insurance Contributions. Find cheap pick-up only items near you - they often attract If you receive Childcare vouchers as part of a salary sacrifice scheme, enter the value of the vouchers you receive each month into the field provided. It's not just tax. Choose the type of pension that you have, either an auto-enrolment employer pension, an other (non-auto-enrolment) employer pension, a salary sacrifice scheme, or a personal pension. If you have a pension which is deducted automatically, enter the percentage rate at which this is deducted and choose the type of pension into which you are contributing. As well as your own National Insurance contributions, your employer pays National Insurance to HMRC but this is not deducted from your take-home pay. Personal tax calculator. The furlough scheme was due to be replaced by the Job Support Scheme in November 2020, but the furlough scheme has been extended and the Job Support Scheme may be introduced later in the year. Save tax-free in an ISA: After-tax income impacts mortgage availability: This info does not constitute financial advice, always do your own We’ll send you a link to a feedback form. 8436708 Terms and Conditions and Privacy Policy, Free, cheap web hosting by FreeVirtualServers, learn more about pension contributions on The Salary calculator. You may not pay National Insurance Contributions, for example if you are over State Pension Age. Plan 1 Plan 2. and The rates and thresholds are set by the Scottish Government. Note that for UK income above £100,000, the Personal Allowance reduces by £1 for every £2 of income above the £100,000 limit. Hourly rates, weekly pay and bonuses are also catered for. From April 2017, most schemes will only save National Insurance on the value of those benefits. iCalculator Tax Calculators. This is only a ready reckoner that makes standard assumptions to estimate your tax breakdown. Just enter your salary into our UK tax calculator. Read our cookies policy. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. Which? Income tax rates in 2019-20 and 2020-21. Financial Services Limited. 2020 - Includes all rate changes announced up to July 31, 2020. Why not find your dream salary, too? How much income tax you pay will depend on your earnings and tax-free allowances. For all the latest deals, guides and loopholes - join the 12m who For most people, 52 weeks in the year is sufficient, but some employers use the more accurate 52.14. During the Coronavirus outbreak, the government have said that they will subsidise employers' costs to pay staff who are not working and are instead placed on "furlough". When you're done, click on the "Calculate!" From April 2017 If you live in Scotland, income tax is calculated differently than if you live in the rest of the UK. This calculator uses 2019-20 income tax and National Insurance rates. The Salary Calculator tells you monthly take-home, or annual earnings, considering UK Tax, National Insurance and Student Loan. There are two options in case you have two different overtime rates. This will apply the Scottish rates of income tax. Completed overhauled for 2019-19 tax year, our new salary and tax calculator is built to support all your salary and payroll audit needs. You can check you’ve paid the right tax by contacting HMRC or by getting help from an accountant. on the HMRC website. To help us improve GOV.UK, we’d like to know more about your visit today. Between £50,001 and £150,000, you'll pay at 40% (known as the higher rate) and above £150,000, you'll pay 45% (the additional rate). To find out more, read our guide to what taxes you pay. If you have other deductions which are taken out of your pay each month, enter them into the fields provided. Calculate your combined federal and provincial tax bill in each province and territory.

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