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
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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.
| 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.
The Tax Calculators on iCalculator are updated for the 2023/24 tax year. You can calculate your take home pay based of your gross income, PAYE, NI and tax for 2023/24. 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 2024.
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
Each calculator provides the same salary analysis but is tailored to allow you to enter your salary based on how you are used to being paid (hourly, daily etc.) and/or specific tax scenarios such as being a landlord or a company director with combined PAYE and Dividend income. Each pay calculator includes personal tax allowances, calculates your National Insurance Contributions and your Employers National Insurance Contributions, deductions PAYE etc. and provides a breakdown of your annual salary with Monthly, Quarterly Weekly, Daily and Hourly pay illustrations.