The Salary Calculator tells you monthly take-home, or annual earnings, considering UK Tax, National Insurance and Student Loan. Nov 20- Take home pay is the money you, as an employee, receive in your bank account each payroll period.
The payroll period for most employees is . Use our Salary Calculator to work out your take home pay and see how much of your salary goes on tax, National Insurance and other deductions. Take-home pay is the money that an employee actually receives from working after employment taxes and the cost of benefits and retirement contributions are . See how your new Income Tax personal allowance of £10for the 2016–20tax year will affect your annual, daily, weekly and monthly take-home pay. You may also like to read our NEW pages: Take home pay Limited company or Umbrella company – The Real Story, ‘How much can I earn as a contractor’ and .
Definition of take home pay: Portion of a salary or wages that an employee actually gets (takes home) after paying all deductions and taxes. Tax Calculator calculates how much Income Tax (also known as PAYE) and National Insurance (NI) will be taken from your salary per week, per month and per year. (more…)