Income tax calculator United Kingdom

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
£55,000
Income Tax
- £9,428
NIC (National Insurance Contribution)
- £5,149
Total tax
- £14,577
Net pay
* £40,423
Marginal tax rate
43.3%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
£40,423
Net pay
£8,278
Tax the employer pays
£14,577
Tax you pay
Total tax paid
£22,855
Did you know your employer also pays tax on your salary? It costs the employer £8,278 to pay you £55,000. In other words, every time you spend £10 of your hard-earned money, £4.16 goes to the government.
Real tax rate
36.1%
So, with you and the employer both paying tax, what used to be a 26.5% tax rate now rises to 36.1%, meaning your real tax rate is actually 9.6% higher than what it seemed at first.
People also ask
£55,000 yearly is how much per hour?
£26.44 hourly is how much per year?
What is the average salary in United Kingdom?
Summary
If you make £55,000 a year living in United Kingdom, you will be taxed £14,577. That means that your net pay will be £40,423 per year, or £3,369 per month. Your average tax rate is 26.5% 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.
Tax per income
£55,500
£56,000
£56,500
£57,000
£57,500
£58,000
£58,500
£59,000
£59,500
£60,000
£60,500
£61,000
£61,500
£62,000
£62,500
£63,000
£63,500
£64,000
£64,500
£65,000
Europe
Country 
Net pay
Average tax
Rank
Russia
GBP 47,850
13.0%
1
Hungary
GBP 44,825
18.5%
2
Switzerland
GBP 44,659
18.8%
3
Ukraine
GBP 44,275
19.5%
4
Czech Republic
GBP 41,707
24.2%
5
United Kingdom
GBP 40,423
26.5%
6
France
GBP 39,852
27.5%
7
Norway
GBP 38,673
29.7%
8
Spain
GBP 37,893
31.1%
9
Ireland
GBP 37,832
31.2%
10
Denmark
GBP 36,669
33.3%
11
Austria
GBP 35,046
36.3%
12
Sweden
GBP 34,939
36.5%
13
Netherlands
GBP 34,595
37.1%
14
Luxembourg
GBP 34,498
37.3%
15
Poland
GBP 33,803
38.5%
16
Greece
GBP 33,163
39.7%
17
Germany
GBP 32,438
41.0%
18
Romania
GBP 32,175
41.5%
19
Finland
GBP 30,807
44.0%
20
Italy
GBP 30,476
44.6%
21
Portugal
GBP 29,151
47.0%
22
Belgium
GBP 24,816
54.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
GBP 41,314
24.9%
1
Canada
GBP 38,576
29.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
GBP 48,206
12.4%
1
Taiwan
GBP 46,245
15.9%
2
Kazakhstan
GBP 44,346
19.4%
3
Singapore
GBP 43,693
20.6%
4
Thailand
GBP 43,625
20.7%
5
South Korea
GBP 42,698
22.4%
6
Australia
GBP 40,889
25.7%
7
New Zealand
GBP 40,296
26.7%
8
China
GBP 40,230
26.9%
9
Japan
GBP 40,107
27.1%
10
Indonesia
GBP 40,074
27.1%
11
Pakistan
GBP 39,231
28.7%
12
Malaysia
GBP 38,533
29.9%
13
Philippines
GBP 38,179
30.6%
14
Vietnam
GBP 37,028
32.7%
15
India
GBP 31,506
42.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
GBP 49,284
10.4%
1
Chile
GBP 44,993
18.2%
2
Costa Rica
GBP 44,148
19.7%
3
Puerto Rico
GBP 42,775
22.2%
4
Panama
GBP 41,892
23.8%
5
Ecuador
GBP 41,435
24.7%
6
Brazil
GBP 40,312
26.7%
7
Colombia
GBP 40,085
27.1%
8
Uruguay
GBP 39,995
27.3%
9
Peru
GBP 39,824
27.6%
10
Mexico
GBP 38,711
29.6%
11
Argentina
GBP 35,745
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
GBP 40,147
27.0%
1
Kenya
GBP 38,894
29.3%
2
Nigeria
GBP 37,508
31.8%
3
Mozambique
GBP 37,471
31.9%
4
South Africa
GBP 37,202
32.4%
5
Ghana
GBP 37,159
32.4%
6
Ivory Coast
GBP 36,601
33.5%
7
Morocco
GBP 35,088
36.2%
8
Cameroon
GBP 34,446
37.4%
9
Zambia
GBP 34,052
38.1%
10
Senegal
GBP 33,890
38.4%
11
Uganda
GBP 33,030
40.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
GBP 52,250
5.0%
1
Qatar
GBP 52,250
5.0%
2
Bahrain
GBP 50,600
8.0%
3
Oman
GBP 50,600
8.0%
4
Saudi Arabia
GBP 49,500
10.0%
5
Kuwait
GBP 49,183
10.6%
6
Egypt
GBP 41,465
24.6%
7
Lebanon
GBP 41,397
24.7%
8
Israel
GBP 40,400
26.6%
9
Turkey
GBP 32,182
41.5%
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.