Welcome to the UK PAYE Salary / Wages / Income Tax
Calculator
September 5th: New allowance rates now added
The climb down on tax free allowance rate announced some months ago comes into effect tomorrow. As a result of these rates coming into effect half way through the year, net monthly and weekly take home pay should be more than the calculator states. (to make up for the first few months of the tax year). Thanks again for all your comments via email. I do read them all.
12th April. Pensions are go.
I've added the first installment of changes to account for pension payments from gross wages. I know that there are changes with respect to National Insurance contributions to take into account also, but I'll get that sorted in a while. I hope everyone knows that if you are a higher rate taxpayer, i.e. you earn more than your tax free allowances plus £36,000, you need to either contact hmrc to get your tax code changed, or you need to complete a self assessment tax return in order to get the higher rate tax relief margin paid into your pension. You can contact me if you need any clarification on this. Paul.
To those of you who have missed out this time; Don't worry, we'll be providing a digest report of the best bits of the session. With the new tax year only a couple of weeks away, I hope this will prove useful.
The thing to remember about the new tax year starting, is that the current tax year is about to end.
If you want to get the digest first, enter your email address in the signup form provided, and we'll dispatch the report to you as soon as it's printed. /
In response to the many emails we receive here at listentotaxman on a daily basis, we have teamed up with a successful accountancy firm who have gladly agreed to participate in a free questions and answers session online.
The session will be held in a web based chat, where you can post your questions to our tax specialist and he'll give you an unbiased opinion. We'll even try to get a podcast of the responses if possible.
Places are limited due to bandwidth restrictions so sign up today.
Please send an email with your name to seminars@listentotaxman.com to reserve your space for this once off session. If you have a question you'd like to ask, include it in your email.
Update: The rates for the 2008 / 2009 have now been added to the calculator
Income tax allowances
06-07 (£)
07-08 (£)
08-09 (£)
Personal allowance
5,035
5,225
5,435
Personal allowance for people aged 65-74 (10% relief)
7,280
7,550
9,030
Personal allowance for people aged 75 and over (10% relief)
7,420
7,690
9,180
Married couple's allowance
(born before 6th April 1935 but aged under 75)
6,065
6,285
6,535
Married couple's allowance
- aged 75 and over
6,135
6,365
6,625
Income limit for age-related allowances
20,100
20,900
21,800
Minimum amount of married couple's allowance
2,350
2,440
2,540
Blind person's allowance
1,660
1,730
1,800
Income
tax bands
06-07 Rate
07-08 Rate
08-09
Rate
06-07
(£)
07-08
(£)
08-09
(£)
Starting Rate
10%
10%
abolished
0 - 2,150
0 - 2,230
abolished
Basic
Rate
22%
22%
20%
2,151 - 33,300
2,231 - 34,600
0 - 36,000
Higher Rate
40%
40%
40%
Over 33,300
Over 34,600
Over 36,000
As always, this calculator is an organic tool, evolving based on your suggestions. If you feel you would like a feature added to the
calculator, let me know support@listentotaxman.com
Top Feature Requests
Student Loan Repayments
Pensions Contributions
Reverse Calculations (enter net wage, work backwards)
Chart of earnings breakdown
The UK PAYE tax calculator is active since 1998. We are
happy to be considered as the number one calculator on the
internet for calculating earnings, proving an invaluable tool alongside
any small business accounting solution or corporate payroll software.
This simple tool calculates tax paid and national insurance
contributions. We constantly update the tax calculator with new
features, and with the most current tax rates and bands figures
from UK budget decisions.
If anyone has any comments / suggestions about the site you can drop me an email to support@listentotaxman.com.
This site is free to use, but it's not free to run. Help me help you ;)
Select Year: This calculator
has the capability to display your pay details, as they would have
been, back as far as 1999. Remember that the tax year begins on
April 6th of each year
Married: Married couples over the age of 65 may have an increased tax free alowance, and do not pay national insurance. Blind; Additional allowance is made available to blind persons. Widow; An additional allowance is available to people who lost a partner.
No NI; Click this if you want to exclude national insurance contributions from the calculations
Student Loan Repayment: If
you were a student, and availed of a student loan, you will begin
to repay this loan once your earnings go above a certain threshold.
This years threshold begins at £15,000. Student loans will be repaid
at a rate of 9% of the additional income over and above this threshold.
Click to include the repayment in your calculations.
Age Group: Additional
allowances, and reduced / no National Insurance contributioins are available for individuals over the age of 60 who
are still in employment.
Additional Allowances
/ Deductions: If you have any additional allowances you wish
to include in your calculations, include them here. Equally,
if you have any deductions that you would like to take into consideration;
add them here with a minus (-) symbol in front of the amount.
Tax Code: If you know your tax code, include it here. By including your tax code, all other calculations will be disregarded.
Gross Income Per Year / Month / Week / Day: Select the time for which you are paid. All calculations will be based on an full years income at the rate specified. E.g. if you specify you are earning £2,000 per mth, the calculator will provide a breakdown of earnings based on a full years salary of £24,000 ( or £2,000 x 12 ).
Wage Summary: Select the columns you would like to display on the wage summary table.
Pension:If you currently have a pension enter the amount that you pay into the pension on a regular basis. This can be entered in a percentage format e.g. 4%, or in a numeric format e.g. 500. NoteWhen entering pension in a numeric format please use the same frequency as you used to enter your gross salary. E.g. if you specified an annual gross salary, the amount entered in the pension box will be for your annual pension contributions .