United Kingdom
Individual - Sample personal income tax calculation
Last reviewed - 18 December 2022Tax computation for 2022/23 for a single individual (employee).
Tax computation | GBP | GBP |
Earned income: | ||
Salary | 160,000 | |
Benefits | 15,000 | |
Total earned income | 175,000 | |
Less - Personal deductions | ||
Personal allowance (where available) * | 12,570 | |
Less: Phase out where income exceeds GBP 100,000 | (12,570) | 0 |
Taxable net income | 175,000 | |
Tax due: | ||
GBP 0 to 37,700 @ 20% | 7,540 | |
GBP 37,701 to 150,000 @ 40% | 44,920 | |
Over GBP 150,000 @ 45% | 11,250 | |
Total tax due | 63,710 |
* The personal allowance is not available to any taxpayer claiming the remittance basis.