Income Tax Calculator
Highly accurate and reliable income tax calculator for UK based taxpayers, with detailed information about tax, National Insurance and net pay. Updated for the tax year 2019-2020.
Need more advanced tax calculations? Use this tax calculator instead to include more advanced calculations, such as dividends, student loan, childcare vouchers, and many more.
Warning: You need to be aware that there are thousands of tax refund scam calls in the UK every week - criminals call you and pretend that you are due for an income tax refund - don't fall for it, and check who called you first on websites such as Scam Caller to avoid being scammed.
£ Income Calculations
If you earn £ a year in / 1, you'll take home £ every month, and your hourly rate will be £.
HMRC will deduct £ in tax, and £ in National Insurance from your salary (that's £0 total deductions), and your full yearly take-home will be £ . Please see the table below for a more detailed break-down.
£ Salary Highlights
Your monthly net pay, after tax and NI will be £. This is the cash you receive in your bank account.
Your hourly income (or hourly rate) will be £, for a normal, full time 40 hours work week.
Your £ income explained
We know from your input that your total income for the year / 1 is £. Let's break-down this sum and see how we've calculated your tax, NI, and monthly net salary.
Everyone earning an income in the UK has a personal allowance -- usually the first few thousands of pounds (a year) from your salary -- that you don't have to pay tax on. For the tax year April /April 1, this personal allowance is £.
This means that for the first £ that you are earning, you will pay no tax. Please note that you still have to pay National Insurance, as National Insurance has different allowances. We'll get to this soon.
Your taxable amount
Therefore, if we deduct the personal allowance from the yearly £ salary, you’ll have a taxable amount of £.
Amount liable for NI
You also have a national insurance threshold on your salary, which means that you won’t pay NI for the first £0 from your yearly salary. This means that, according to our calculations, only £ of your yearly earnings will be liable for National Insurance.
Your income tax
Your total tax for the tax year Apr – Apr 1 is £. This equates to £ tax per month.
Your National Insurance
You will pay a total of £ in national insurance in the tax year Apr – Apr 1.
Your Income vs UK Average Salary
You earn £28,028 less than the UK average salary.
The UK average salary was £28,028 in 2017. This means that on average, the monthly NET salary is £1,870 in the UK.(source: BBC)
Your Hourly Rate vs UK Living Wage
Your hourly rate is £9.00 lower than the UK real living wage.
The UK real living wage is £9.00.(source: Living Wage Foundation)