Income tax calculator United Kingdom
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
£120,000
Income Tax
- £35,428
NIC (National Insurance Contribution)
- £7,261
Total tax
- £42,690
Net pay
*
£77,310
Marginal tax rate
43.3%
Average tax rate
35.6%
64.4%
Net pay
35.6%
Total tax
Total tax
Net pay
The Taxberg
£77,310
Net pay
£18,060
Tax the employer pays
£42,690
Tax you pay
Total tax paid
£60,750
Did you know your employer also pays tax on your salary? It costs the employer £18,060 to pay you £120,000. In other words, every time you spend £10 of your hard-earned money, £5.06 goes to the government.
Real tax rate
44.0%
So, with you and the employer both paying tax, what used to be a 35.6% tax rate now rises to 44.0%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.
Summary
If you make £120,000 a year living in United Kingdom, you will be taxed £42,690. That means that your net pay will be £77,310 per year, or £6,443 per month. Your average tax rate is 35.6% and your marginal tax rate is 43.3%. 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 £43.25, hence, your net pay will only increase by £56.75.
Bonus Example
A £1,000 bonus will generate an extra £568 of net incomes. A £5,000 bonus will generate an extra £2,838 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
Russia
GBP 104,400
13.0%
1
Hungary
GBP 97,800
18.5%
2
Ukraine
GBP 96,600
19.5%
3
Czech Republic
GBP 91,577
23.7%
4
Switzerland
GBP 87,885
26.8%
5
United Kingdom
GBP 77,310
35.6%
6
France
GBP 75,351
37.2%
7
Norway
GBP 73,894
38.4%
8
Spain
GBP 73,258
39.0%
9
Austria
GBP 71,942
40.1%
10
Denmark
GBP 71,514
40.4%
11
Poland
GBP 71,214
40.7%
12
Romania
GBP 70,200
41.5%
13
Ireland
GBP 69,138
42.4%
14
Greece
GBP 68,801
42.7%
15
Netherlands
GBP 67,748
43.5%
16
Sweden
GBP 67,446
43.8%
17
Germany
GBP 64,601
46.2%
18
Luxembourg
GBP 64,434
46.3%
19
Italy
GBP 60,116
49.9%
20
Finland
GBP 56,110
53.2%
21
Portugal
GBP 53,162
55.7%
22
Belgium
GBP 49,089
59.1%
23
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North America
Country
Net pay
Average tax
Rank
USA
GBP 81,942
31.7%
1
Canada
GBP 73,487
38.8%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
GBP 102,703
14.4%
1
Hong Kong
GBP 102,156
14.9%
2
Singapore
GBP 98,614
17.8%
3
Taiwan
GBP 91,097
24.1%
4
Thailand
GBP 88,470
26.3%
5
China
GBP 87,211
27.3%
6
Indonesia
GBP 84,014
30.0%
7
New Zealand
GBP 81,495
32.1%
8
Pakistan
GBP 81,481
32.1%
9
South Korea
GBP 81,336
32.2%
10
Japan
GBP 80,494
32.9%
11
Malaysia
GBP 80,099
33.3%
12
Philippines
GBP 79,954
33.4%
13
Vietnam
GBP 79,278
33.9%
14
Australia
GBP 78,568
34.5%
15
India
GBP 64,616
46.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
GBP 106,814
11.0%
1
Costa Rica
GBP 89,374
25.5%
2
Chile
GBP 88,061
26.6%
3
Colombia
GBP 87,912
26.7%
4
Uruguay
GBP 87,465
27.1%
5
Brazil
GBP 87,437
27.1%
6
Panama
GBP 85,279
28.9%
7
Puerto Rico
GBP 81,685
31.9%
8
Mexico
GBP 81,469
32.1%
9
Peru
GBP 79,637
33.6%
10
Ecuador
GBP 79,078
34.1%
11
Argentina
GBP 77,995
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
GBP 87,435
27.1%
1
Kenya
GBP 84,394
29.7%
2
Nigeria
GBP 81,721
31.9%
3
Ivory Coast
GBP 80,952
32.5%
4
Ghana
GBP 80,156
33.2%
5
Mozambique
GBP 79,721
33.6%
6
Morocco
GBP 74,477
37.9%
7
Zambia
GBP 74,027
38.3%
8
Cameroon
GBP 74,021
38.3%
9
South Africa
GBP 73,742
38.6%
10
Senegal
GBP 72,890
39.3%
11
Uganda
GBP 68,780
42.7%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
GBP 114,000
5.0%
1
Qatar
GBP 114,000
5.0%
2
Bahrain
GBP 111,848
6.8%
3
Kuwait
GBP 111,741
6.9%
4
Oman
GBP 110,400
8.0%
5
Saudi Arabia
GBP 108,790
9.3%
6
Egypt
GBP 90,215
24.8%
7
Lebanon
GBP 90,147
24.9%
8
Israel
GBP 77,309
35.6%
9
Turkey
GBP 70,038
41.6%
10
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NOTE* Withholding is calculated based on the tables of United Kingdom, 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.