Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
£700
Total tax
0
Net pay
* £700
Marginal tax rate
0.0%
Average tax rate
0.0%
100.0%
Net pay
0.0%
Total tax
Total tax
Net pay
Summary
If you make £700 a year living in United Kingdom, you will be taxed 0. That means that your net pay will be £700 per year, or £58.33 per month. Your average tax rate is 0.0% and your marginal tax rate is 0.0%. 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 £0, hence, your net pay will only increase by £100.
Bonus Example
A £1,000 bonus will generate an extra £1,000 of net incomes. A £5,000 bonus will generate an extra £5,000 of net incomes.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
GBP 700
0.0%
1
Germany
GBP 700
0.0%
2
Austria
GBP 700
0.0%
3
Ireland
GBP 700
0.0%
4
Sweden
GBP 700
0.0%
5
Norway
GBP 700
0.0%
6
Spain
GBP 656
6.4%
7
Italy
GBP 636
9.2%
8
France
GBP 632
9.7%
9
Switzerland
GBP 632
9.8%
10
Czech Republic
GBP 623
11.0%
11
Luxembourg
GBP 623
11.1%
12
Russia
GBP 609
13.0%
13
Hungary
GBP 570
18.5%
14
Ukraine
GBP 564
19.5%
15
Poland
GBP 550
21.5%
16
Greece
GBP 547
21.9%
17
Portugal
GBP 521
25.6%
18
Finland
GBP 485
30.8%
19
Belgium
GBP 476
32.0%
20
Netherlands
GBP 441
37.1%
21
Denmark
GBP 424
39.5%
22
Romania
GBP 410
41.5%
23
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Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
GBP 700
0.0%
1
Singapore
GBP 700
0.0%
2
Hong Kong
GBP 700
0.0%
3
Pakistan
GBP 692
1.2%
4
Thailand
GBP 665
5.0%
5
Philippines
GBP 641
8.5%
6
Indonesia
GBP 640
8.6%
7
Taiwan
GBP 638
8.9%
8
South Korea
GBP 625
10.7%
9
New Zealand
GBP 617
11.9%
10
India
GBP 616
12.0%
11
Malaysia
GBP 614
12.3%
12
China
GBP 608
13.2%
13
Vietnam
GBP 595
15.0%
14
Japan
GBP 569
18.7%
15
Kazakhstan
GBP 554
20.8%
16
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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.