UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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If I go 100 above my tax bracket do I pay extra all of it or just the higher on the 100 pounds not dollars.
Ann - 03/01/2023 22:31:43The UK has a progressive tax system, which means that you only pay the amount within the tax bracket at the rate of the tax bracket. For example, if the higher rate kicks in at 40,000 and you earn 41,000, you only pay the higher rate of tax on the 1,000.
Ray Arman
thanks - so helpful. i would love you to add a property section - so i can input property income and mortgage payments
Peter Gardner - 22/11/2022 07:06:14we have a buy to let calculator, which may fit that criteria. It's available at https://www.uktaxcalculators.co.uk/buy-to-let-tax-calculator/
Ray Arman
I need details on 2 taxes. 1 Tax on sale of house. 2 Tax on inhertance of approx £150, 000
Allan Blythe - 23/09/2022 09:59:19If the house you are selling is not your principal private residence you should use our capital gains tax calculator. We do not currently have an inheritance tax calculator but the nil rate band for inheritance income is up to 325,000 pounds.
Ray Arman
Is it possible to add weekly working hours into the profile/calculations so that the hourly pay rate is 'accurate'.
Andy - 26/06/2022 16:33:00try our salary calculator tool, it allows adjusting of hours, days per week. https://www.uktaxcalculators.co.uk/tax-calculators/personal-tax-calculators/salary-calculator/
Ray Arman
Hello, the calculator doesn’t appear to take into account the recent change in the national insurance contributions?
Chris - 28/04/2022 06:40:19The NIC rate has increased by 1.25 percent but the thresholds have now also been increased, albeit from July. The main calculator works on an annual basis so only the annual national insurance deducted is fully correct - the monthly and weekly are averages for across the year. You can get a correct per pay period calculation by using our payslip calculator. Email me for any further investigation at [email protected] - Thanks!
Ray Arman