UK PAYE Income Calculator 2012/2013

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iCalculator UK PAYE Calculator is updated for the 2012 - 2013 tax year. You can calculate your take home pay based of your annual income and include tax deductable elements such as pensions and student loans.

iCalculator also provides historical UK PAYE figures so you can review how much tax you have paid in previous tax years.

See the guide below for specific information on each element that is taken into account when calculating your take home pay.

Employees National Insurance Contributions

National Insurance is a mandatory wage deduction which is used to fund certain state benefits such as your pension.

You pay National Insurance contributions if you're an employee or self-employed and you're aged 16 and over, as long as your earnings are more than a certain level. You pay National Insurance Contributions upto reaching Pension age.

Who has to pay National Insurance?

  • All those who are employed and under the Pension Age (currently 65 years of age)
  • All self-employed under the Pension Age (currently 65 years of age pay Class 2 National Insurance Contributions
  • All self-employed over the Pension Age (currently 65 years of age pay Class 4 National Insurance Contributions

What are voluntary National Insurance Contributions?

Certain individuals elect to pay voluntary National Insurance Contributions because they are not required, in their current circumstance, to pay National Insurance Contributions.

Individuals may elect to pay voluntary National Insurance Contributions because:

  • They haven't paid sufficient National Insurance Contributions in previous years and need to 'top up' their contributions in order to qualify for a state pension or other state benefits.
  • They are not working and not claiming any State Benefits.
  • They are Living and working overseas but wish to maintain their State Benefits entitlement.


Income, Tax Allowances and your Pay - Further Reading.

Useful References