Calculate Income Tax

What are your earnings and contributions?

Earnings

i £
i  
Income Tax Forecast 2017/18 Income Tax rate Tax Due Tax Paid Effect On
Net Pay
  Salary         30,000.00
    £11,500.00 @ 0% 0.00    
    £18,500.00 @ 20% 3,700.00  
    £0.00 @ 40% 0.00  
    £0.00 @ 45% 0.00  
Breakdown Income Tax on Salary £30,000.00   £3,700.00   −£3,700.00
  Tax at Source £0.00   @ 20% 0.00  
    £0.00 @ 0% 0.00    
    £0.00 @ 20% 0.00  
    £0.00 @ 40% 0.00  
    £0.00 @ 45% 0.00  
Breakdown Income Tax on Other Taxable Income £0.00   £0.00 £0.00
    £8,164.00 @ 0% 0.00
    £21,836.00 @ 12% 2,620.32
    £0.00 @ 2% 0.00
Breakdown NIC on Salary £30,000.00   £2,620.32   2,620.32
    Total on payslips   £23,679.68
    Additional tax to pay via tax return or taxcode   £0.00

Assumptions used

Where tax rates are unknown for future years we have used the latest confirmed rates, rather than attempt a guess at future changes. For instance the company car tax percentages might be known for 5 years time but PAYE and N.I. thresholds are only known for the next 1 or 2 years.

Tax Year 2017/18
Income Tax Personal Allowance £11,500.00
Upper income Limit £45,000.00
Higher income Limit £150,000.00
NIC Earnings Threshold (ET) £8,164.00
NIC Upper Earnings Limit (UEL) £45,000.00