UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
Income Tax - Use our Tax Calculator to Calculate Income Tax
Tax Free Personal Allowance
the amount of gross income you can earn before you are liable to paying income tax
| Personal Allowance (Born after 5 April 1948) | £10,000 |
|---|---|
| Personal Allowance (Born between 6 April 1938 and 5 April 1948) | £10,500 |
| Personal Allowance (Born before 6 April 1938) | £10,660 |
Income Limits For Tapering
the amount of gross income you can have before your personal allowance is reduced personal allowance is reduced by £1 for every £2 over the limit * personal allowance will only be reduced to the basic personal allowance unless income is over £100,000
| Income Limit (Born after 5 April 1948) | £100,000 |
|---|---|
| Income Limit (Born before 6 April 1948) * | £27,000 |
Married Couples Allowance
available to a qualifying individual born before 6th April 1935 aged 75 or over 10% of the amount below is allowed to be deducted from the tax bill of a qualifying individual personal allowance is reduced by £1 for every £2 over the income limits for tapering - up to the minimum married couple's allowance level
| Married Couples Allowance | £8,165 |
|---|---|
| Minimum Married Couples Allowance | £3,140 |
Blind Person's Allowance
| Additional Personal Allowance | £2,230 |
|---|
Income Tax Bands and Percentages
*10% starting rate is for savings income only - if your non-savings income is above the starting band level, the 10% rate will NOT apply and the basic rate percentage will be used instead.
| Band | Limits | Percentage |
|---|---|---|
| Starting Rate (Savings only *) | £0 - £2,880 | 10%* |
| Basic Rate | £0 - £31,865 | 20% |
| Higher Rate | £31,866 - £150,000 | 40% |
| Additional/Top Rate | Over £150,000 | 45% |
Dividend Tax Bands and Percentages - Use our Dividend Tax Calculator to Calculate Tax On Dividends
| Band | Limits | Percentage |
|---|---|---|
| Ordinary Rate | £0 - £31,865 | 10% |
| Upper Rate | £31,866 - £150,000 | 32.5% |
| Additional/Top Rate | Over £150,000 | 37.5% |
National Insurance Contributions - Select your NIC Letter and calculate your NIC Liability
National Insurance Rates and Allowances
Find your classification by looking up your NIC letter on your payslip/return
Shared Banding For All NICs
| Lower Earnings Limit (Weekly) | £111 |
|---|---|
| Upper Accrual Point (Weekly) | £770 |
| Upper Earnings Limit (Weekly) | £805 |
| Primary Threshold (Weekly) | £153 |
| Secondary Threshold (Weekly) | £153 |
Rates for Class 1 NICs
| Between Primary Threshold and Upper Earnings Limit | 12% |
|---|---|
| Above Upper Earnings Limit | 2% |
| Employers' Rate Above Secondary Threshold | 13.8% |
| Class 1A Rate On Employer Provided Benefits | 13.8% |
| Employees' Contracted Out Rebate | 1.4% |
| Employers' Contracted Out Rebate | 3.4% |
| Married Women's Reduced Rate Between Primary and Upper Earnings | 5.85% |
| Married Women's Reduced Rate Above Upper Earnings | 2% |
Self Employed Class 2 and Class 4 NICs
| Class 4 Lower Profits Limit (Annual) | £7,956 |
|---|---|
| Class 4 Upper Profits Limit (Annual) | £41,865 |
| Class 4 Rate Between Lower and Upper Profits | 9% |
| Class 4 Rate Above Upper Profits | 2% |
| Class 2 Earnings Exception Limit | £5,885 |
| Class 2 Weekly Amount | £2.75 |
| Class 2 Weekly Amount (Share Fisherman) | £3.40 |
| Class 2 Weekly Amount (Volunteer Development Workers) | £5.55 |
Voluntary Class 3 NICs
| Weekly rate | £13.90 |
|---|
Corporation Tax - Calculate Corporation Tax
Corporation Tax Rates and Limits
| Small Profits Rate | 20% |
|---|---|
| Main Rate | 21% |
| Small Profits Limit | £300,000 |
| Marginal Relief Lower Limit | £300,000 |
| Marginal Relief Upper Limit | £1,500,000 |
| Marginal Relief Fraction | 1/400 |
Capital Gains Tax - Calculate Capital Gains Tax
Capital Gains Tax Rates and Annual Exempt Amounts
Annual Exempt Amount
| Individuals, Personal Reps and Trustees for Disable People | £11,000 |
|---|---|
| Other Trustees | £5,500 |
CGT Tax Rates
| Individuals - Basic Rate Taxpayer | 18% |
|---|---|
| Individuals - Higher Rate Taxpayer | 28% |
| Personal Representative of a Deceased Individual | 28% |
| Gains Qualifying for Entrepreneurs' Relief | 10% |