UK PAYE Income Calculator 2012/2013
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.
What is my Tax Free Allowance?
Your Tax Free Allowance is effectively your Income Tax Personal Allowance. Nearly everyone who lives in the UK is entitled to an Income Tax Personal Allowance. Your Tax Free Allowance is the amount of income you can receive each year without having to pay tax on it. Depending on your circumstances, you may also be able to claim certain other allowances. The amount of Tax Free Allowance varies between individuals and is based on specific circumstance and criteria such as Age and the Total Income (Gross Pay, money from savings and Pensions etc before Tax has been deducted) for the Tax Year. Other Allowances you may be entitled to.Allowances directly affect how much Tax is deducted from your pay. Below are some additional Tax Allowances which you may be entitled to.
Income, Tax Allowances and your Pay - Further Reading.
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