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Tax Calculator for 2017/18 Tax Year

The 2017/18 tax calculator provides a full payroll, salary and tax calculations for the 2017/18 tax year including employers NIC payments, P60 analysis, Salary Sacrifice, Pension calculations and more. Completed overhauled for 2017-18 tax year, our new salary and tax calculator is built to support all your salary and payroll audit needs. If you are looking for a feature which isn't available, contact us and we will add your requirements to this free payroll calculation tool. You can also view historical tax years though certain features and views are restricted..

The 2017/18 tax calculator includes the tax figures and personal allowances for 2017/18 as published on Gov.uk

Tax Calculator
* This is a new feature for 2017 onwards released on 09 Jan 2017. If you spot any bugs or would like additional views / scenarios, please let us know.
Advanced Calculator options
You're entitled to the basic tax-free Personal Allowance
Specialist Job Type:
Repaying student loan on:
Calculate and Print / Email
Please use the dedicated Pay Rise Calculator for this feature

Key Changes 2017/18 V's 2016/17

Chancellor Philip Hammonds Budget speech on the 8th March 2017 had a few suprises that were somewhat unwelcome for the Self-employed, Contractors and Company Directors. It is difficult to quantify the rationale on this approach given the UK's need to drive entraprenureship and local business start-ups to underpin the British econmy as we move towards Brexit. We can but wonder at the motivation, in the interim, here are the key points that will affect your payroll in the 2018-18 tax year compared to 2016/17.

Key Income Related Tax Changes from 2017/18
2016/17 2017/18 [* 2018/19] Who it directly impacts
Dividend Allowance £5,000 £2,000* Director shareholders [See Combinded PAYE & Dividend Tax Calculator]
National Insurance Contributions 9% 10%* Self Employed (rising to 11% in April 2019)
Personal Allowance £11,000 £11,500 All Employees who earn £11,500 or more
Income Tax [Basic Rate] £32,000 £33,500 All Employees who earn over £32,000 or more
Blind Persons Allowance £2,290 £2,320 The Blind
Mortgage Tax-relief See Landlord Income Tax Calculator Landlords
National Living Wage £7.20 £7.50 All those aged 25 and over

All changes listed above and published on Gov.uk have been fully integrated into the 2017/18 Tax calculator.

iCalculator Tax Calculators

The Tax Calculators on iCalculator are updated for the 2018 / 2019 tax year. You can calculate your take home pay based of your gross income, PAYE, NI and tax for 2018 / 2019. Use the simple tax calculator or switch to the advanced tax calculator to review employers national insurance payments, income tax deductions and PAYE tax commitments for 2018.

PAYE and Tax calculations can seem complex, the following are taken into consideration when calculating your salary and take home pay:
Gross Salary | Tax Free Allowance | Taxable Pay | Tax Due | Your National Insurance | Employer National Insurance | Your Pension Contributions | HMRC Pension Contributions | Net Pay

Top Tip: Did you know you can legally reduce your National Insurance bill and increase your take home pay? Read more about Salary Sacrifice

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Self Assessment 2018

Don't leave your 2018/19 Self Assessment to the last minute this year, update your information on the go and save time and stress, you will probably save yourself a few pounds too. Grab a free trial now and make tax less taxing.