Salary Rate
Year
Month
Biweekly
Week
Day
Hour
Withholding
Salary
£10,000
National Insurance
- £60
Total tax
- £60
Net pay
* £9,940
Marginal tax rate
12.0%
Average tax rate
0.6%
99.4%
Net pay
0.6%
Total tax
Total tax
Net pay
Summary
If you make £10,000 a year living in United Kingdom, you will be taxed £60. That means that your net pay will be £9,940 per year, or £828 per month. Your average tax rate is 0.6% and your marginal tax rate is 12.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of £100 in your salary will be taxed £12, hence, your net pay will only increase by £88.
Bonus Example
A £1,000 bonus will generate an extra £880 of net incomes. A £5,000 bonus will generate an extra £4,400 of net incomes.
NOTE* Deductions are calculated based on the Great Britain tables of United Kingdom, 2020 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.