Umbrella company tax calculator
Tax and NI calculator 2020/2021
Tax and NI calculator 2019/2020
Tax and NI calculator 2018/2019
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Tax and NI calculator 2016/2017
Tax and NI calculator 2015/2016
Tax and NI calculator 2014/2015
Tax and NI calculator 2013/2014
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2012/2013
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2011/2012
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2010/2011
Personal Allowance 2019 - 2020
What is Personal Allowance? Personal Allowance is the portion of your earning where tax is not applied, making that portion of your earning tax free.
| Earning | Personal Allowance (per year) | |
|---|---|---|
| If you are earning up to £100,000 | £12,500 | |
| If you are earning between £100,000 and £125,000 | Decreases from £12,500 by 50% of every pound you earn (above £100,000) until it reaches £0 | |
| If you are earning £125,000 or more | £0 |
|
| Blind person receive an additional amount of £2450 on top of the personal allowance | ||
Tax Rates 2019 - 2020
These rates apply to different portions of your earning
| Your earning [per year after taking away your Personal Allowance amount from your earning] | Tax Rate 2019 - 2020 | That is |
|---|---|---|
| Under your Personal Allowance amount | No tax taken | £0 |
| £0 - £37,500 | 20% | Basic rate |
| £37,501 - £150,000 | 40% | Higher rate |
| over £150,000 | 45% | Additional rate |
National Insurance Rates 2019 - 2020
National Insurance Contribution is payable by everyone, until they have reached the state retirement age. National Insurance pays for their state pension and other state benefits.
Below are Class 1 National Insurance rates which is applied to anyone who's employed.
These rates apply to different portions of your earning
| Your Earning [Per year] | National Insurance Rate | That is |
|---|---|---|
| Earnings below £8632 | 0% | No National Insurance contribution is payable |
| Earnings between £8632 and £50,000 | 12% | Salary minus £8632 = X, 12% of X |
| Earnings above £50,000 | 2% | £50,000 minus £8632 = £41,392, 12% of £41,392 plus salary minus £50,000 = X, 2% of X |
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Privacy: This tool/website does not collect any salary information you enter to calculate your tax.
Disclaimer: I am not a tax professional, so please do not use this information to make any big decisions. Do consult a professional when making any big decisions.
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