iCalculator UK PAYE Calculator is updated for the 2013 / 2014 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.
iCalculator also provides historical UK PAYE figures so you can review how much tax you have paid in previous tax years or you can use our take home pay calculator 2013 / 2014 to see home much your take home salary will be this year. See the guide below for specific information on each element that is taken into account when calculating your take home pay including employers national insurance contributions and more.
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.
There are a number of legal and legitimate ways of reducing the amount of National insurance that your pay, read this article for examples of how you can pay less National Insurance.
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: