Net Salary Calculator UK 2014 2015: January 2012

Income Tax Rates 2011 - 2012 in the UK

Income tax rates in the UK for 2011/2012 tax period are given below. Initially, you should deduct the income tax allowance so we also provided the allowances for different categories of people.

Income tax rates

2010-11	£ per year	2011-12	£ per year
Starting savings rate: 10%	£0-£2,440	Starting savings rate: 10%	£0-£2,560
Basic rate: 20%	£0-£37,400	Basic rate: 20%	£0-£35,000
Higher rate: 40%	£37,401-£150,000	Higher rate: 40%	£35,001-£150,000
Additional Rate: 50%	Over £150,000	Additional Rate: 50%	Over £150,000

Income Tax allowances:

Allowances	2010-11	Change	2011-12
Personal allowance (age under 65)	£6,475	+1000	£7,475
Personal allowance (age 65-74)	£9,490	+450	£9,940
Personal allowance (age 75 and over)	£9,640	+450	£10,090
Married couple's allowance Maximum (age 75 and over)	£6,965	+330	£7,295
Income limit for age-related allowances 65 and over	£22,900	+1,100	£24,000
Blind person’s allowance	£1,890	+90	£1,980

How is your gross salary calculated?

Gross Salary - Tax free Allowances = Total taxable

Total taxable x Tax rate (% 10, 20, 40 or 50) = Tax paid

Total taxable - Tax paid - NI = Net Salary

2014-2015	AFTER TAX NET SALARY
Gross Salary	Monthly	Weekly	Daily	Annually
£12,000	£926	£213	£43	£11,115
£13,000	£983	£227	£45	£11,795
£14,000	£1,040	£240	£48	£12,475
£15,000	£1,096	£253	£51	£13,155
£16,000	£1,153	£266	£53	£13,835
£17,000	£1,210	£279	£56	£14,515
£18,000	£1,266	£292	£58	£15,195
£19,000	£1,323	£305	£61	£15,875
£20,000	£1,380	£318	£64	£16,555
£21,000	£1,436	£331	£66	£17,235
£22,000	£1,493	£345	£69	£17,915
£23,000	£1,550	£358	£72	£18,595
£24,000	£1,606	£371	£74	£19,275
£25,000	£1,663	£384	£77	£19,955
£26,000	£1,720	£397	£79	£20,635
£27,000	£1,776	£410	£82	£21,315
£28,000	£1,833	£423	£85	£21,995
£29,000	£1,890	£436	£87	£22,675
£30,000	£1,946	£449	£90	£23,355
£31,000	£2,003	£462	£92	£24,035
£32,000	£2,060	£475	£95	£24,715
£33,000	£2,116	£488	£98	£25,395
£34,000	£2,173	£501	£100	£26,075
£35,000	£2,230	£515	£103	£26,755
£36,000	£2,286	£528	£106	£27,435
£37,000	£2,343	£541	£108	£28,115
£38,000	£2,400	£554	£111	£28,795
£39,000	£2,456	£567	£113	£29,475
£40,000	£2,513	£580	£116	£30,155

£41,000	£2,570	£593	£119	£30,835
£42,000	£2,625	£606	£121	£31,501
£43,000	£2,673	£617	£123	£32,081
£44,000	£2,722	£628	£126	£32,661
£45,000	£2,770	£639	£128	£33,241
£46,000	£2,818	£650	£130	£33,821
£47,000	£2,867	£662	£132	£34,401
£48,000	£2,915	£673	£135	£34,981
£49,000	£2,963	£684	£137	£35,561
£50,000	£3,012	£695	£139	£36,141
£51,000	£3,060	£706	£141	£36,721
£52,000	£3,108	£717	£143	£37,301
£53,000	£3,157	£728	£146	£37,881
£54,000	£3,205	£740	£148	£38,461
£55,000	£3,253	£751	£150	£39,041
£56,000	£3,302	£762	£152	£39,621
£57,000	£3,350	£773	£155	£40,201
£58,000	£3,398	£784	£157	£40,781
£59,000	£3,447	£795	£159	£41,361
£60,000	£3,495	£807	£161	£41,941
£61,000	£3,543	£818	£164	£42,521
£62,000	£3,592	£829	£166	£43,101
£63,000	£3,640	£840	£168	£43,681
£64,000	£3,688	£851	£170	£44,261
£65,000	£3,737	£862	£172	£44,841
£66,000	£3,785	£873	£175	£45,421
£67,000	£3,833	£885	£177	£46,001
£68,000	£3,882	£896	£179	£46,581
£69,000	£3,930	£907	£181	£47,161
£70,000	£3,978	£918	£184	£47,741

Name: dantheman

Location: London

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