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How to calculate my net salary in the UK?

What are the taxes that I am expected to pay in the UK? Does it depend on the amount of money I make? How to I calculate my final salary (after taxes)?

  • 1 Answer :

  • "http://www.hmrc.gov.uk/ Check out the Inland Revenue (now HM Revenue and Customs) You get a certain allowance tax free each year. Then in goes up in bands dependent on how much you earn. The top band is 40% tax. On top of this you pay 12.5% National Insurance, a form of tax for pension, healthcare, unemployment benifits etc."

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