If your using a PC you can set your daily rate using the slider below.
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
| Less NI | |
| Less Income Tax | |
Net Income |
|
Total deductions include your total NI contributions and your total tax payment. Your fee to us is not included in this but is deducted from your Net Income.
In this example Fees are charged at £55 per month based on you being paid monthly.
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
| Less Tax Allowance | |
|
Taxable Pay |
|
| Income Tax at 20% | |
| Income Tax at 40% | |
| Income Tax at 45% | |
Total Tax |
|
Your tax allowance assumes that you have a tax code of 1257L.
When you are an employee, your employer also pays an 13.8% NI contribution on the part of your income exceeding £156 per week.
| Gross Pay | |
| Less Fees | |
| Less Employeers NI | |
|
Income subject to NI |
|
| NI Lower Threshold | |
| Pay subject to NI at 12% | |
Employees NI at 12% |
|
| NI Higher Threshold | |
| Pay subject to NI at 2% | |
Employees NI at 2% |
|
| Employees NI at 12% | |
| Employees NI at 2% | |
|
Total NI |
|
Income exceeding £827 per week (NI Higher Threshold) is subject to a 2% NI contribution. Income over the NI Lower Threshold but under the NI Higher Threshold is subject to a 12% NI contribution.
When you are an employee, your employer also pays an 13.8% NI contribution on the part of your salary exceeding £156 per week.
Email these results to yourself for future reference.