The Tax on Your Salary
On January 9th 1799 the Prime Minister, William Pitt, introduced income tax to pay for the Napoleonic war at the swingeing rate of 0.83% for people earning £60 or more.
This calculator is based on the New income tax rates and rules, and National Insurance rates for the UK in the budget of 21 March 2007. The key points of this budget were:
- From April 2008 The 22% tax rate will be reduced to 20%!
- But the 10% tax band has been abolished.
- Here comes the science part:
Our maths says you could be up to £301 better off. Thanks Gordon!
Just key in your gross yearly income (that's the amount before tax), tick the other boxes if applicable and we'll calculate how much of your salary ends up in your pocket.
