United Kingdom
Individual - Sample personal income tax calculation
Last reviewed - 08 July 2024Tax computation for 2024/25 for a single individual (employee) resident in England, Wales, or Northern Ireland.
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 125,140 @ 40% | 34,976 | |
Over GBP 125,140 @ 45% | 22,437 | |
Total tax due | 64,953 |
* The personal allowance is not available to any taxpayer claiming the remittance basis.