Income tax calculator United Kingdom
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
£12,856
Income Tax
- £72.08
NIC (National Insurance Contribution)
- £48.77
Total tax
- £121
Net pay
*
£12,735
Marginal tax rate
14.1%
Average tax rate
0.9%
99.1%
Net pay
0.9%
Total tax
Total tax
Net pay
The Taxberg
£12,735
Net pay
£1,935
Tax the employer pays
£121
Tax you pay
Total tax paid
£2,056
Did you know your employer also pays tax on your salary? It costs the employer £1,935 to pay you £12,856. In other words, every time you spend £10 of your hard-earned money, £1.60 goes to the government.
Real tax rate
13.9%
So, with you and the employer both paying tax, what used to be a 0.9% tax rate now rises to 13.9%, meaning your real tax rate is actually 13% higher than what it seemed at first.
Summary
If you make £12,856 a year living in United Kingdom, you will be taxed £121. That means that your net pay will be £12,735 per year, or £1,061 per month. Your average tax rate is 0.9% and your marginal tax rate is 14.1%. 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 £14.12, hence, your net pay will only increase by £85.88.
Bonus Example
A £1,000 bonus will generate an extra £859 of net incomes. A £5,000 bonus will generate an extra £4,294 of net incomes.
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.