UK PAYE Income Calculator Updated for 2012/2013
iCalculator UK PAYE Calculator is updated for the 2012- 2012 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.
The State Pension system is extremely complex and the amount you receive depends on the contributions you have made, the amount you earn from private pensions and other sources.
The State Pension is a regular payment you receive when you reach the State Pension age and is designed to provide a reliable foundation for your income in retirement, although it is unlikely to be enough to support the lifestyle you want.
The State Pension is directly linked to the National Insurance Contributions made during your working life. You can claim your State Pension once you reach the State Pension age although you do not have to claim it straight away, (deferring can increase the amount you get if you put off claiming for a few years)..