Tax Calculator

Average: 3.5 (20 votes)

Developed by: 
Ray Arman

Tax Calculator for UK Taxes from 2003 up to and including 2010/2011 and forecasted 2011/2012.

  • Calculate Income Tax for PAYE, Self Employed and CIS individuals.
  • Tax Code Checker will decode and provide an explanation of the code - the code will be checked against the normal tax allowances for the person calculating and if incorrect, differences are highlighted and explained.
  • Tax overpayment can be checked by entering the known taxed figure from payslips and this is checked to see if it matches with the income tax calculator.
  • Pensions can be evaluated, from three different schemes including Salary Sacrifice, Occupational and Private Pensions Plans.
  • Pension Tax Relief is calculated on all three schemes for you.
  • A Net to Gross Tax Calculator option is available allowing you to enter a take home figure and the gross figure is provided for you. Tax Calculations can be saved and re-visited.
  • A graph is produced to show the precise changes to the way a specific entered salary has been affected by taxation over the last 7 years.
  • You can create your own custom tax scheme, by setting your own rates and allowances also - forecasted rates for next year (2011/2012) have been pre-entered.
  • Other calculators available allow you to compare taxation on two incomes, compare dividends to salary, calculate tax on dividends, calculate corporation tax and calculate and produce capital gains tax computations.
Apps submitted to data.gov.uk are currently approved for publication on the general level of their context and appropriateness. Whilst we review these on a periodical basis, we do not own responsibility for the regular update and maintenance of these apps. Any queries about individual apps or tools published need to be directed to the originator.

Comments

More information about the tax calculator

State Pension Age for women will be changing from 2010 to gradually match up with men. At the moment, if you are female and over 60 you pay no national insurance contributions or employers nic's.

I will be adding a more precise calculation for both NIC's and state pension age soon, but this will possibly require entering your date of birth into the calculator if you are over 60.

 Flag as offensive 

2011/2012 Tax Rates Added

New Tax rates for 2011/2012 have been added to the tax calculator today.

The full rates and allowances have been updated and are available on the website, but for quick reference, notable changes include:

  1. Personal Allowances increase to £7,475 for under 65s.
  2. Higher Rate Threshold reduces from £37,400 to £35,000.
  3. National Insurance Primary Threshold Rate increases from 11% to 12%.
  4. National Insurance Upper Earnings Rate increases from 1% to 2%.
  5. Primary Threshold now £139 per week, up from £110 in 2010/2011.
  6. Upper Earnings Level now £817 per week, down from £844 in 2010/2011.
  7. Employers National Insurance Rate now 13.8% - levels changed too.

View the full rates and allowance on the app.

Other calculators will be updated as soon as more details are released.

Thanks,

Ray

 Flag as offensive 

About time - great news!

Some great news in there for lower earners. The 7,475 personal allowance is well overdue - if people couple this with the increase in ISA savings limits then there's a lot of tax savings they can make to keep money in their pocket. I think it's a step in the right direction from the coalition government, but let's see what their next move is.There's a lot of special rules regarding specific situations like non dom taxpayers, and I'd love to see you explore this in more detail so we can see how the regulations affect everyone.Thanks!

 Flag as offensive 

Not complex enough!!

My income comprises a combination of salary, dividend and self-employed contract work. This year my income is in the 40% bracket. Where can I find a "calculator" that will estimate my tax liability? Not HERE! Not ANYWHERE on a UK government site! Come on guys! - the world is far more complex than any of you civil servants (with your golden pension schemes) and well established "employees" know. Many of us have to turn a penny where we can. Whay can't we have a tax (calculator) system that is responsive to this?

 Flag as offensive 

UK Tax Wizard

Thank you for your comment.

We developed this application to allow each individual tax to be calculated separately to keep it simple for people who need to get quick figures and then piece them together themselves to create a full picture. You can individually calculate tax on dividends, self employment, paye, capital gains and more.

We have been alpha testing a tax wizard to add to our website. This will allow you to input all your various income sources, allowances, deductions, expenses etc within a particular tax year and give you an overall breakdown of your tax liability. We have taken your suggestion on board and will open up the website to our beta version very soon.

Keep an eye on our tax calculator updates!

Thanks,

Ray

 Flag as offensive 

UK Tax Wizard

As promised, we have just launched a free combined tax calculator, or a UK Tax Wizard for people who have income from multiple sources.

Visit http://www.uktaxcalculators.co.uk/wizard from where you can enter income from multiple sources.

The calculator will accept the following:

  • PAYE Employment Income
  • Self Employment Profits
  • Dividend Income
  • Savings Income
  • Capital Gains
  • Student Loan Balance
  • Redudancy Payments
  • Additional Allowances and Deductions
  • Various other information to deduce your Personal tax Free Allowances

It will calculate tax on a multiple income basis, wittling down your bands/allowances in the same order your tax return would.

Give it a try - we are still working on it so it will be updated constantly - but your calculations will be saved so you can re-visit them anytime!

 Flag as offensive 

Tax Calculator

It would be helpful if the "Tax Code" prompt said 'Include the letter'

 Flag as offensive 

Tax Calculator

This has been updated now, including support for tax code D1.

 Flag as offensive 

Tax Rates and Allowances for 2013/2014

Tax rates for 2013/2014 have been added this week from figures revealed in the 2012 Autumn Statement.

As always, full tax rates and allowances have been updated and are available in the 'how to calculate' section of the website.

Changes included:

  1. Personal Allowances increase to £9,440 for people born after 6th April 1948 (Under 65's).
  2. Age Related Personal Allowances for over 65's frozen at 2012 levels, however the annual income limit raised to £26,100.
  3. Higher Rate Threshold reduces from £34,370 to £32,010.
  4. Top rate of tax now 45% - down from 50%. The dividend top rate is now 37.5% - down from 42.5%.
  5. National Insurance Primary Threshold Rate remains at 12%.
  6. National Insurance Upper Earnings Rate remains at 2%.
  7. Primary Threshold for NICs now £149 per week, up from £146 in 2012/2013.
  8. Upper Earnings Level for NICs reduced to £797 - from £817 per week.
  9. Employers National Insurance Rate remains 13.8% - secondary threshold limit increased to £148 - from £144 per week.

Additional calculators for payslips, umbrellas, dividends, dividend v salary, corporation tax, capital gains are also now updated.

The iPhone app accompanying the website has also been updated for 2013/2014.

Thanks,

Ray

 Flag as offensive 

New Rates and Allowances for 2012/2013

New Tax rates for 2012/2013 have been added to the tax calculator this week.

The full rates and allowances have been updated and are available on the website, but for quick reference, notable changes include:

  1. Personal Allowances increase to £8,105 for under 65s.
  2. Higher Rate Threshold reduces from £35,000 to £34,370.
  3. National Insurance Primary Threshold Rate remains at 12%.
  4. National Insurance Upper Earnings Rate remains at 2%.
  5. Primary Threshold now £146 per week, up from £139 in 2011/2012.
  6. Upper Earnings Level remains at £817 per week.
  7. Employers National Insurance Rate remains 13.8% - secondary threshold limit increased to £144 per week.

View the full rates and allowance on the app.

Other capital gains and corporation tax will be updated as soon as more details are released.

Thanks,

Ray

 Flag as offensive 

Payslip Calculator Now Added

We have added a new payslip calculator which will calculate the tax precisely for the week or month in which you were paid or are expected to be paid.

It allows you to enter basic pay, overtime, bonuses and commissions. It also includes Student Loan Deductions, Selectable NIC Letters and Pension Deductions.

Updated for 2011/2012 at the time of this message.

 Flag as offensive