Income Tax Calculator United Kingdom
Find out how much your salary is after tax
Salary Rate
Year
Month
Semimonthly
Week
Day
Hour
Withholding
Salary
£40,000
Income Tax
- £5,484
NIC (National Insurance Contribution)
- £3,652
Total tax
- £9,136
Net pay
*
£30,864
Deductions
A deduction is a specific amount you can remove from your taxable income to lower it.
- £12,579
Marginal tax rate
32.0%
Average tax rate
22.8%
77.2%
Net pay
22.8%
Total tax
Total tax
Net pay
Summary
If you make £40,000 a year living in United Kingdom, you will be taxed £9,136. That means that your net pay will be £30,864 per year, or £2,572 per month. Your average tax rate is 22.8% and your marginal tax rate is 32.0%. 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 £32, hence, your net pay will only increase by £68.
Bonus Example
A £1,000 bonus will generate an extra £680 of net incomes. A £5,000 bonus will generate an extra £3,400 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.