£ After Tax Explained

Now let's see how we've calculated your tax on your £ income.

  • You have a tax free personal allowance of £0 (for earnings between Apr 2019-Apr 2020) – this means that on £0 from your salary you won’t pay any tax.
  • As your total yearly earnings of £ are above this personal allowance, you will have to pay tax on the earnings that are above this sum - in your case, if we deduct £0 from your £ income, we'll be left with a taxable amount of £.
  • This means that out of your total earnings of £, you will pay a total of £ in tax this year, which amounts to £ per month.
  • Apart from the income tax calculated above, you might also have to pay National Insurance on some part of your salary.
  • Please note: There are different tax rules for Scotland. To calculate you tax and net pay for Scotland, please use our advanced tax calculator.

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National Insurance Explained

Apart from income tax, you might also need to pay National Insurance if you earn above £0 this financial year (or above £0/month).

  • As your total yearly earnings of £ are above this threshold , you will have to pay National Insurance on the sum that is above £0.
  • This means that a total amount of £ from your earnings will be liable for National Insurance.
  • On this sum, you'll pay a total amount of £ in National Insurance (or £/month).
  • Here is how NI brackets Works in the UK:
  • You have a NI free earning bracket - you won't have to pay NI for the first £0 that you are earning in a year. If you earn above this sum: % NI on the earnings between £0 and £0
  • You’ll pay % NI on the earnings between £0 and £0
  • You’ll pay % NI on the earnings above £0

£ Yearly Salary Illustration

£ after tax break-down

Year Month Week Day Hour
Gross income £ £ £ £ £
Personal allowance £ £ £ £ £
Total taxable £ £ £ £ £
Tax £ £ £ £ £
National insurance £ £ £ £ £
Net pay £ £ £ £ £



Payslip for £ salary

This is how your payslip looks like, if you earn £ per year.

<- Scroll left-right ->
Employee No
015
Employee Name
Theresa May
Process Date
04/Apr/2020
National Insurance Number
NH000000F
Payments
Salary
Units
Rate
Amount
Deductions
PAYE Tax
National Insurance
Amount
<- Scroll left-right ->

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Yearly gross salary