Employers will pay a 6. Found this site useful? Figures entered into 'Your Annual Income Salary ' will be before-tax, otherwise known as gross pay. Consult a qualified professional financial advisor before making any financial decisions. If you started university between and inclusive in England and Wales, or at any point after in Scotland and Northern Ireland, and took out a Student Loan Company loan, then this is repaid through the PAYE system, known as 'Plan 1' repayments.
The Salary Calculator tells you monthly take-home, or annual earnings, considering UK Tax, National Insurance and Student Loan. The latest budget information from April is used to show you exactly what you need to know. Take Home Tax Calculator. Use the Take-Home Salary Calculator to work out just how much more you will have each.
New! April 2018 and Scottish Income Tax rates applied!
If you contribute to a pension scheme by having a percentage of your salary deducted by your employer, enter the percentage into the "Pension contribution" field.
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.
Prior to April , if your pension was classed as "contracted-out", you paid lower rates of National Insurance. This no longer applies and so is an option only for previous tax years.
If you receive childcare vouchers as part of a salary sacrifice scheme, enter the monthly value of the vouchers that you receive into the box provided. You might agree with your employer to contractually reduce your salary by a certain amount, in exchange for some non-cash benefits. You save tax and National Insurance on the value of those benefits. If you take part in such a scheme, enter the amount you sacrifice into the box and choose whether this is on a yearly, monthly or weekly basis.
Your employer might provide you with employment benefits, such as a company car or private healthcare, known as "benefits in kind". You pay tax on the value of these benefits, but not National Insurance. If your tax code is used to collect the extra tax, you do not need to enter your benefits here. If you do receive such benefits, enter the value of the benefits into the box and choose whether this is on a yearly, monthly or weekly basis. If this applies to you, tick the "No NI" box.
Those who are registered blind are entitled to an increased personal allowance which reduces the amount of tax you pay. Tick the "Blind" box if this applies to you. If you are married and were born before 6th April , you receive a tax rebate.
Tick the "Married" box to apply this rebate to calculations - otherwise leave the box clear. If you have other deductions which are taken out of your pay each month, enter them into the fields provided. Some deductions are made before tax such as charitable giving or Give As You Earn , others are taken after tax. Deductions before tax should go in the "Pre-tax" box, and those taken after tax should go in the "After tax" box. Prior to , your age affected your tax-free personal allowance.
Since , all ages have received the same personal allowance, so this option only applies if choosing earlier tax years. Registered in England and Wales no. Free, cheap web hosting by FreeVirtualServers. Site Map - Change privacy settings. Do you contribute to a pension? Auto-enrolment Employer Salary sacrifice Personal.
Are you receiving a one-off bonus? How many hours of paid overtime do you do each month? Learn how in the Forum Introduction Guide. Grabbit Shop don't drop Freebies Competitions. Join s of MoneySavers in the Forum's many discussion boards. It's not just tax. Read a full breakdown of the tax you pay: This is only a ready reckoner that makes standard assumptions to estimate your tax breakdown. There are many other possible variables, for a definitive source check your tax code and speak to the tax office.
This calculator assumes you're employed, as self-employed national insurance rates are different. Pick the tax year for which you want to work out your after-tax salary.
This calculator has the capability to display your pay details, as they would have been, back as far as This is NOT required. However, if you know your tax code, include it here, and the answer will be more accurate, as all assumptions the calculator makes will be disregarded.
If you pay into a pension via the PAYE system on a monthly basis, enter the amount here. The calculator won't be accurate if you pay by salary sacrifice. This can be in percentage format eg. If you started university between and inclusive in England and Wales, or at any point after in Scotland and Northern Ireland, and took out a Student Loan Company loan, then this is repaid through the PAYE system, known as 'Plan 1' repayments.
Tick the box to include the repayment in your calculations. If you took out a student loan before , you have to repay this by direct debit, not through the PAYE system. This means it can't be included in this calculator. If you're an English or Welsh student, and started university in or later, and took out a Student Loan Company loan, then this is repaid through the PAYE system, known as 'Plan 2' repayments.
Deductions from tax-free allowance: Equally, if your tax-free allowance needs to be reduced, click on deductions here. Other allowances or deductions can includes employee benefits such as childcare vouchers or season ticket loans. More information about the calculations performed is available on the about page. To start using The Hourly Wage Tax Calculator, simply enter your hourly wage, before any deductions, in the "Hourly wage" field in the left-hand table above. In the "Weekly hours" field, enter the number of hours you do each week, excluding any overtime.
If you know your tax code you can enter it, or else leave it blank. If you do any overtime, enter the number of hours you do each month and the rate you get paid at - for example, if you did 10 extra hours each month at time-and-a-half, you would enter "10 1.
If you make contributions to a pension scheme, enter the percentage that you contribute in the "Pension" field. More information is available in the tooltip - if in doubt, leave this box ticked. If you use salary sacrifice to receive childcare vouchers, enter the amount you receive each month into the Childcare vouchers field.
If you joined the voucher scheme before 6th April , tick the box - otherwise, leave the box unticked. Choose your age range from the options provided, and tick the "Married", "Blind" or "Student Loan" box if any of these apply to you. When you have entered your details, click on the "Calculate" button to see how your take-home pay is calculated. Results will be shown in the right-hand table above.
You can read more about the thresholds and rates used by The Tax Calculator on the about page. The Tax Calculator is for illustrative purposes only.
The Salary Calculator has been updated with the latest tax rates which take effect from April Try out the take-home calculator and see how it affects your take-home pay. In Scotland there are new tax rates from April , check out the calculator and see what difference this might make to you! Pick the tax year for which you want to work out your after-tax salary. This calculator has the capability to display your pay details, as they would have been, back as far as Remember that the tax year begins on 6 April of each year. How to use the take home pay calculator. To find out your take home pay, enter your gross wage into the calculator. The wage can be annual, monthly, weekly, daily, or hourly - just be sure to configure the calculator with the relevant frequency.