UK Election 2024 Tax Calculator

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See how the major political parties plan to tax you should they get elected. Enter your gross income to calculate.

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Enter your gross income to see how the different parties intend to tax you if voted in.

How do the major political parties want to tax you?

By looking at the headline taxation figures in each party's manifesto we have created a quick and simple comparison calculator.

Below are the major policies outlined by each party in their 2024 Election Manifesto. Anything not mentioned here will retain the current taxation policies in effect for 2024/2025, which you can view here

  • CONSERVATIVES

    Tax-free allowances and bands not mentioned to change from today

    2 percent cut to the main rate of national insurance for PAYE

    Main rate of national insurance for the self employed to be zero-rated

    read the full conservative tax plans

  • LABOUR

    No changes announced to raise the 'rates' of income tax or national insurance

    Tax-free allowance freeze could continue and other band thresholds could be subject to changes

    Capital gains taxes could be raised as could the rates charged on dividends

    read the full labour tax plans

  • LIBERAL DEMOCRATS

    Tax-free allowance and band thresholds to continue to be frozen until 2028

    No plans announced to increase income tax rates

    Capital gains tax to be reformed - so likely to be raised with a removal of the annual exempt amount.

    read the full lib dem tax plans

  • GREEN

    Alignment of the tax rates of capital gains so it is equivalent to income tax plus national insurance, rather than the current 18 to 24 percent

    Removal of the upper earnings limit on national insurance so all income is taxed at the main rate rather than the lower additional rate once over the existing threshold

    read the full green party tax plans

  • REFORM

    Increase the tax-free personal allowance to £20,000

    Pledge to stop people earning under £20k paying tax, so we assume aligned NIC bands

    Increase higher rate threshold for income tax to £70,000 gross income (or £50,000 after deducting tax free allowances)

    Reform's 'working draft' manifesto is available on their website.

  • WORKERS

    Increase the tax-free personal allowance to £21,200

    Pull people earning under £21,200 from paying tax, so assumed aligned NIC bands

    No mention of changes to higher rate threshold or the additional rates/thresholds

    Workers Party is manifesto is available on their website.

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