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INCOME TAX
: PROFESSIONAL
Tax calculator -
Income Tax: professional
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About you
AGE:
NUMBER OF CHILDREN:
COUNTRY:
England
Scotland
Wales
N. Ireland
GIFT AID, GROSS AMOUNT:
Employment income
BASE ANNUAL SALARY:
ANNUAL BONUS:
BENEFIT-IN-KIND:
OTHER:
?
Overtime or commission, for example.
Self-employed income
SELF-EMPLOYED INCOME:
COSTS:
Workplace pension contributions
CONTRIBUTION TYPE:
Fixed amount
Percent of salary
FIXED AMOUNT:
FREQUENCY:
Monthly
Quarterly
Semi-annually
Annually
YOUR CONTRIBUTION:
EMPLOYER CONTRIBUTION:
SCHEME TYPE:
Net pay
Relief at source
Salary sacrifice
CONTRIBUTIONS MADE ON :
Base pay
Base pay + bonus
Private pension contribtions
DESPOSITED AMOUNT:
?
The annual allowance for pension contributions is £60,000.
You can carry forward unused allowances from the last three years.
_
Your SIPP provider will automatically top up your contribution to
0
. You may be able to claim additional relief.
?
Savings interest
ISA + PREMIUM BOND INCOME:
?
Premium bond prizes and interest from ISA accounts are exempt from tax.
NON-ISA INCOME:
Dividend income
ISA INCOME:
?
Dividends received from assets held in an ISA wrapper are exempt from tax.
NON-ISA INCOME:
Property income
BUY-TO-LET RENTAL INCOME:
DEDUCTABLES:
Redundancy payment
TOTAL AMOUNT:
_
The first £
30,000
of redundancy payments are exempt from tax. Amounts over this value (£
20,000
) are subject to tax.
Pension income
STATE PENSION:
DRAWDOWN / ANNUITY INCOME:
PURCHASED LIFE ANNUITY TAXABLE INCOME:
UFPLS TAXABLE INCOME:
Student loan
PLAN TYPE:
Please select
No student loan
Plan 1
Plan 2
Plan 4
Plan 5
UNDERGRADUATE LOAN BALANCE:
POSTGRADUATE LOAN:
Please select
Yes
No
POSTGRADUATE LOAN BALANCE:
Calculate Income Tax
OVERVIEW
SUMMARY
TABLE
Result
TAXABLE INCOME
INCOME TAX
NATIONAL INSURANCE
Tax summary
Tax table