2020/21 Tax Rates and Allowances
This page contains all of the personal income tax changes which were published on the gov.uk site on Fri 28 Feb 2020. These rates come into effect at the start of the new tax year, on April 6th 2020.
The rates and allowances on which the listentotaxman calcualtor basis all calculations.
Personal Allowances 2014
| Allowance | 2014/15 | 2013/14 | Change |
|---|---|---|---|
| Basic | £10,000 | £9,440 | + £560 |
| People born between 6th April 1938 - 5th April 1948 | £10.500 | £10.500 | none |
| People born before 6th April 1938 | £10.660 | £10,660 | none |
| Married Couples Allowance ( if born before 6th April 1935) | £8,165 | £7,915 | + £250 |
| Blind Person's Allowance | £2,230 | £2,160 | + £70 |
Income Tax Bands 2014
| Tax Rate | 2014/15 | 2013/14 | Change |
|---|---|---|---|
| Basic rate 20% | £0 -£31,865 | £0 -£32,010 | cut by £145 |
| Higher Rate 40% | £31,865 - £150,000 | £32,011 - £150,000 | widened by £145 |
| Additional Rate 45% | £150,001+ | £150,001+ | no change |
| NOTE: These rates are applied after your tax free allowance has been deducted from your gross wage. | |||
National Insurance Bands 2014
| Description | 2013/14 | 2014/15 |
|---|---|---|
| Lower earnings limit, primary Class 1 | £109 per week | £111 per week |
| Upper earnings limit, primary Class 1 | £797 per week | £805 per week |
| Primary threshold | £149 per week | £153 per week |
| Secondary threshold | £148 per week | £153 per week |
| Upper accrual point | £770 per week | £770 per week |
- From the 2010-11 tax year the Personal Allowance reduces where the income is above £100, 000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age.
- 2. These allowances reduce where the income is above the income limit for age-related allowances by £1 for every £2 of income above the limit. For the 2010-11 tax year the Personal Allowance for people aged 65 to 74 and 75 and over can be reduced below the basic Personal Allowance where the income is above £100,000.
- Tax relief for the Married Couple's Allowance is given at the rate of 10 per cent.
* The 10 per cent starting rate applies to savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.
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
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.
Personal Tax
2019/2020 Tax Rates and Allowances
This page contains all of the personal income tax changes which were announced at the October 29th, 2018 Budget. These rates come into effect at the start of the new tax year, on April 6th 2019.
2018/2019 Tax Rates and Allowances
We have published a quick reference to the significant changes to the tax rates and bands, personal tax allowances and national insurance figures which come into effect from April 6th 2018.