Farmacy

Jun 23 2017

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UK PAYE Tax Calculator 2017 / 2018

The Tax Calculator uses tax information from the tax year 2017 / 2018 to show you take-home pay. See where that hard-earned money goes – with UK income tax, National Insurance, student loan and pension deductions. More information about the calculations performed is available on the about page.

Using The Tax Calculator

To start using The Tax Calculator, simply enter your annual salary in the “Salary” field in the left-hand table above. If you know your tax code you can enter it, or else leave it blank.

If you make contributions to a pension scheme, enter the percentage that you contribute in the “Pension” field. The “Contracted out” field depends on how your pension scheme is considered by HMRC. More information is available in the tooltip – if in doubt, leave this box ticked.

If you use salary sacrifice to receive childcare vouchers, enter the amount you receive each month into the Childcare vouchers field. If you joined the voucher scheme before 6th April 2011, tick the box – otherwise, leave the box unticked.

Choose your age range from the options provided, and tick the “Married”, “Blind” or “Student Loan” box if any of these apply to you. When you have entered your details, click on the “Calculate” button to see how your take-home pay is calculated. Results will be shown in the right-hand table above.

You can read more about the thresholds and rates used by The Tax Calculator on the about page.

If you are self employed, or employed and self employed at the same time, you might find our sister site useful: Employed and Self Employed .

Disclaimer: The Tax Calculator is for illustrative purposes only. No guarantee is made for the accuracy of the data provided. Consult a qualified professional financial advisor before making any financial decisions.

Copyright The Tax Calculator 2012 – 2017

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