Salary: £ 13,500.00

PAYE Salary Calculator 2014/2015

iCalculator UK PAYE Calculator is updated for the 2014 / 2015 tax year. You can calculate your take home pay based of your annual income and include tax deductible elements such as pensions and student loans.

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Employers NIC's Calculator 2014

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2014 PAYE Calculation for £ 13,500.00

This PAYE salary illustration uses default setting: a 'normal' PAYE employee earning £ 13,500.00 gross income per year, single, full personal tax allowance for 2014 / 2015 Tax Year, no disabilities, not repaying a student loan etc. If you prefer, you can use our free interactive PAYE calculator and access a more bespoke tax calculation relevant to your individual circumstances.

Yearly Monthly 4 Weekly 2 Weekly Weekly Daily Hourly
Gross Pay 13,500.001,125.001,038.46519.23259.6251.926.97
Tax Free Personal Allowance 10,000.00833.33769.23384.62192.3138.465.16
Taxable Pay 3,500.00291.67269.23134.6267.3113.461.81
Tax Due 700.0058.3353.8526.9213.462.690.36
National Insurance 665.2855.4451.1825.5912.792.560.34
Student Loan 0.000.000.000.000.000.000.00
Pension (You) 0.000.000.000.000.000.000.00
Pension (HMRC) 0.000.000.000.000.000.000.00
Total Deductions 1,365.28113.77105.0252.5126.265.250.70
Net Pay
(Your take home wage)
12,134.721,011.23933.44466.72233.3646.676.26
Employers NIC Contribution 765.0763.7658.8529.4314.712.940.39
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£ 13,500.00 PAYE Calculation Guide

The following information will allow you to get the most out of your PAYE calculation and access tax saving tips, financial information and tag guides. Our aim is to help you increase your take home pay and get the most from your money. Each finance guide opens in a new window so that you can review the guide and see how it applies to your PAYE calculation.

Note: This £ 13,500.00 PAYE Calculation is a generic calculation based on standard HMRC tax settings. You can produce a more accurate PAYE Calculation using our fully interactive 2014/15 PAYE Calculator

Click on the rotating iCalculator images for a detailed guide and explanation of that element of the calculation, for example clicking on Gross Pay will provide a detailed overview of what Gross pay is, how it is calculated and ways of reducing the tax deductions on your Gross pay. iCalculator is more than just a PAYE Calculator, it is the means to you making your money effective, whether reducing your loan interest, repaying your mortgage quickly, reducing tax or increasing the money within your household budget. Every calculator is packed with information and simple guides so you can understand how your money works, we even make is easy to understand PCP Car loans.

What should you do next?

Employers

We have produced two separate Employers NIC calculators to help UK Employers understand their PAYE, and NIC responsibilities. The first employers calculator is for Employers NIC calculations with other pay factors, such as the inclusion of bonuses etc. The second employer calculator provides detailed graphical overviews of Employers National Insurance Contributions with supporting articles which explain the various employer and employee tax deductions that you are expected to make as an employer. The first employers NIC calculator is designed for those familiar with employer payroll requirements, the second employer NIC Calculator is for those who are new or unfamiliar with employer payroll commitments.

Contractors

Due to IR35 legislation, contractors can access a number of different payroll solutions based on their working environment and conditions of employment. iCalculator has provided a dedicated area which provides Contractor Calculators and supporting articles and information in regard to contractor accounting and payroll commitments. This includes payroll calculators for contractors 'inside' and 'outside' or IR35 legislation, umbrella company paye calculators and other relevant tools to support contractors in their day to day activity.

Employees

Understanding how your take home pay is calculated is one thing but what can you do to get the most from your money? How can you increase the amount of money you take home from your salary in less than 30 minutes? The following tools and guides have been specifically designed to allow you to understand your money, how it tax, PAYE and National Insurance work so that you can make the right choices, legally reduce your tax bill and enjoy more of your money. Everyone can pay less tax, its not a privilege of the rich, it is simply a case of knowing the numbers and the tax laws.... that's where we help and it costs you nothing. iCalculator is a free resource, we only ask that if you like what you read, if you enjoy the tools and apps, that you share your experiences on your favourite social network. Let your friends and family enjoy the same tax savings.

  • Tool: Full £ 13,500.00 per annum tax analysis. Detailed calculations and explanation of each figure shown in the current salary illustration. The illustration you have just viewed is basic and designed for those who just want to know the numbers. The full tax analysis illustration For those who want to see how PAYE, NI, etc. were calculated. This is essential if you want to see where you can pay less tax.
  • Tool: £ 13,500.00 per annum graphical analysis. This is a nice tool if you want to visualize how your money is split. PAYE pie charts, salary breakdown graphs and more. A great tax tool for those who like graphs.
  • Tool: Due a pay rise? Excellent, use the pay rise calculator to see how much you will take home after PAYE and other deductions.
  • Tool: Pay less tax with salary sacrifice, use the salary sacrifice calculator to understand how offsetting pension investments (personal and/or work), company cars etc. can have a huge impact on your tax, especially if you are just crossing tax thresholds and losing child allowance etc.
  • Article: Have you ever thought about how your earnings affect your benefits and credits tax credits? What benefits can you claim when earning £ 13,500.00 for example? If you want to make the most efficient use of your money and manage your finances it is important that you know and understand the different benefit and tax thresholds. Understand benefit thresholds and discover what you can do with your earning in this interesting article on how to legally pay less tax and discusses tax avoidance and tax evasion.
  • Article: outlines what Income Tax is, who has to pay income Tax and what income is exempt. This Income tax article also provides an example of how to calculate your Income Tax (PAYE) deductions based on your Gross Pay for the Tax Year.
  • Article: This article is an unorthodox introduction to self assessment tax, the aim of this article is to encourage you to think about your tax circumstances and ask yourself, could I claim a tax return? Could I pay less tax if I completed a self assessment tax return?
  • Article: National Insurance Contributions (NICs) are paid by every person aged 16 and over that is employed or self-employed, whose earnings reach more than a certain level. Each person is allotted a unique National Insurance number. What else do you need to know about NIC's?
  • Article: . Fuel expenses include money spent on petrol, diesel and other fuel oils. As per the Office of National Statistics, the average spending of UK people on operating their private transport, including petrol/diesel, servicing, and repairs is £1892.80 per year.
  • Article: provides an example of how to calculate your Student Loan deductions based on your Gross Pay. You will always be required to make a repayment on your outstanding student loan.
  • Article: provides an introduction to National Insurance, how National Insurance began, what National Insurance is and potential ways for you to pay less National Insurance.

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Contractors Umbrella Company. Payroll and Tax solutions for contractors in all industries. Free umbrella company PAYE calculation, free quote and free first contract options If you earn £ 13,500.00 per year, what is your take home pay? In this £ 13,500.00 salary example we explain how your tax, PAYE and National Insurance Contributions are calculated
Yearly Monthly 4 Weekly 2 Weekly Weekly Daily Hourly
Gross Pay 13,500.001,125.001,038.46519.23259.6251.926.97
Tax Free Personal Allowance 10,000.00833.33769.23384.62192.3138.465.16
Taxable Pay 3,500.00291.67269.23134.6267.3113.461.81
Tax Due 700.0058.3353.8526.9213.462.690.36
National Insurance 665.2855.4451.1825.5912.792.560.34
Student Loan 0.000.000.000.000.000.000.00
Pension (You) 0.000.000.000.000.000.000.00
Pension (HMRC) 0.000.000.000.000.000.000.00
Total Deductions 1,365.28113.77105.0252.5126.265.250.70
Net Pay
(Your take home wage)
12,134.721,011.23933.44466.72233.3646.676.26
Employers NIC Contribution 765.0763.7658.8529.4314.712.940.39