Notes:
- The calculations are based on the 2018/19 tax rates which apply from April 2018.
- The calculations include both Income Tax and National Insurance (class 2 & class 4 NIC). For convenience they are described simply as ‘tax’.
- If you have other taxable income, such as a job where you pay tax under PAYE, this calculator will not work. I’m developing one that will.
- The calculator will only accept income up to £8,333 per month. That is because if your annual profits exceed £100,000 your personal allowance will start to be withdrawn and the calculations start to get more complicated.
- The calculator takes no account of pension contributions or gift aid payments which may reduce your tax liability if you are a higher rate taxpayer.
Notes:
- The calculations are based on the 2016/17 tax rates which apply from April 2017.
- The calculations include both Income Tax and National Insurance (class 2 & class 4 NIC). For convenience they are described simply as ‘tax’.
- If you have other taxable income, such as a job where you pay tax under PAYE, this calculator will not work. I’m developing one that will.
- The calculator will only accept income up to £8,333 per month. That is because if your annual profits exceed £100,000 your personal allowance will start to be withdrawn and the calculations start to get more complicated.
- The calculator takes no account of pension contributions or gift aid payments which may reduce your tax liability if you are a higher rate taxpayer.
Notes:
- The calculations are based on the 2016/17 tax rates which apply from April 2016.
- The calculations include both Income Tax and National Insurance (class 2 & class 4 NIC). For convenience they are described simply as ‘tax’.
- If you have other taxable income, such as a job where you pay tax under PAYE, this calculator will not work. I’m developing one that will.
- The calculator will only accept income up to £8,333 per month. That is because if your annual profits exceed £100,000 your personal allowance will start to be withdrawn and the calculations start to get more complicated.
- The calculator takes no account of pension contributions or gift aid payments which may reduce your tax liability if you are a higher rate taxpayer.