Comprehensive Salary and Tax Calculator
Welcome to our Comprehensive Salary and Tax Calculator, a powerful tool designed to help you understand your income, tax liabilities, and take-home pay across various employment types in the UK. Whether you're employed, self-employed, or working through an umbrella company, this calculator provides accurate estimates based on current UK tax regulations.
Key Features
Multiple Employment Types: Choose between employed, self-employed, or umbrella company calculations.
Dual Job Support: For employed individuals, calculate taxes when working two jobs simultaneously.
Detailed Breakdown: View your income and deductions on a yearly, monthly, weekly, and daily basis.
Tax Code Consideration: Input your tax code for more accurate employed calculations.
Student Loan Repayments: Factor in student loan repayments based on your repayment plan.
Pension Contributions: Include pension contributions in your employed calculations.
Self-Employed Expenses: Account for business expenses in self-employed calculations.
Umbrella Company Fees: Consider umbrella company margins in contractor calculations.
Tax Breakdown: See how much tax you're paying at each tax band.
National Insurance Contributions: Accurate calculations of NIC for all employment types.
Components
Employed Calculator
Inputs for one or two salaries
Tax code input
Pension contribution percentage
Student loan repayment plan selection
Self-Employed Calculator
Day rate input
Number of working days per year
Annual expenses
Umbrella Company Calculator
Day rate input
Number of working days per year
Umbrella company margin
How to Use
Select your employment type using the buttons at the top.
Fill in the required fields based on your situation.
Click the "Calculate" button to see your results.
Review your income breakdown and tax calculations in the results section.
This calculator uses the latest tax rates and thresholds for the UK tax year 2023/2024. Please note that while this tool provides accurate estimates, it should not be used as a substitute for professional financial advice. For complex tax situations or official calculations, always consult with a qualified accountant or tax professional.
We hope this calculator helps you gain a clearer understanding of your income and tax obligations. If you have any questions or feedback, please don't hesitate to contact us.