{{whatsSelected | capitalize}} gross income: £
View Mobile Version
Tax Calculator 2017 Other calculators

Back

Payslip simulator for £0 Salary

<<- Scroll left-right ->>
Employee No
069
Employee name
Fery Kaszoni
Process Date
04/Apr/{{tax_year*1 + 1}}
National Insurance Number
NH000000F
Payments
Units
Rate
Amount
Salary
{{(earningsSliders.monthly / earningsSliders.hourly) | number : 0}}
{{earningsSliders.hourly | number : 2}}
{{earningsSliders.monthly | number : 2}}
Bonus
£{{(bonus.to_extract.yearly * 1) | number : 0 }}
Deductions
Amount
PAYE Tax
{{incomeTax.monthly | number : 2}}
National Insurance
{{nationalInsurance.monthly | number : 2}}
Student Loan
{{student_loan_to_deduct.monthly | number : 2}}
<<- Scroll left-right ->>


Your £{{earningsSliders.yearly | number : 0}} salary options

Tax year - 2019/2020 Tax year - 2018/2019 Tax year - 2017/2018 Tax year - 2016/2017
Student loan - NO Plan 1 (before 2012) Plan 2 (after 2012)

Your Payslip for £{{earningsSliders.yearly | number : 0}} explained

See below a break-down and explanation of your payslip for your £{{earningsSliders.yearly | number : 0}} yearly salary. We'll break-down what each section means on your payslip, and how we've calculated your salary.


Payslip and tax calculations break-down for £{{earningsSliders.yearly | number : 0}}

You told us that you'll earn a £{{earningsSliders.yearly | number : 0}} salary in the financial year {{tax_year}}/{{tax_year*1 + 1}} (from 5th of Apr {{tax_year}} to 4th of Apr {{tax_year*1 + 1}}). Now let's see what values will a common payslip display, and how we'll calculate your tax, NI, net pay, and student loan, if applicable.

Your payslip elements

  • Employee no: This is usually the employee number that will be assigned to you at the company that employs you.
  • Employee name: This is your name (we've used a fictive name above)
  • Process date: This is the date when your payslip was printed/processed. In our case, we simulate the payslip assuming you've worked a full year, so we can show you the full tax and NI in the yearly break-down.
  • National Insurance Number: This is your national insurance number. We've used a fictive one above.
  • Payments: These are the monthly GROSS payment types that you'll receive from your employer. We are showing your salary in this case, but there can be extra payments as well, such as benefits-in-kind, bonus, etc.
  • Units: We assume that you are paid on an hourly basis (if not don't worry, the final calculations of your net pay are still the same). We also assube that you are working {{earningsSliders.weekly_hours}} hours/week. You can change the number of weekly hours by clicking on the "MORE OPTIONS" button above.
  • Rate: In this case, if you've worked {{earningsSliders.weekly_hours}} hours/week, your before-tax hourly rate will be £{{earningsSliders.hourly | number : 2}}.
  • Amount: This reflects the gross amount of "Paymenys" - In your case, you'll have a monthly gross salary (before tax and NI) of £{{earningsSliders.monthly | number : 2}}.


  • Deductions: These are the monthly deductions that will be taken off your gross salary before it gets to your bank account. You'll have a total of monthly deductions, including tax, NI, and student loan if you have one, of £{{incomeTax.monthly + nationalInsurance.monthly + student_loan_to_deduct.monthly | number : 2}}
    • PAYE Tax: This is the well known tax that will be taken from your salary per month. In your case, it's £{{incomeTax.monthly | number : 2}} per month.
    • National Insurance: This is the National Insurance that gets extracted from your salary, before you'll receive it. In your case, this amount is £{{nationalInsurance.monthly | number : 2}}.
    • Student loan (if applicable): This is the student loan that you'll have to pay from your gross salary every month. In your case, it's £{{student_loan_to_deduct.monthly | number : 2}}
  • Amount: This is the monthly amount for each deduction type that we've mentioned above.
  • This period: This is a summary of the monthly gross salary, the taxable part of your salary, and the amount that qualifies for NI deductions.
    • Total Gross Pay: As mentioned above, this is the gross monthly income.
    • Gross for tax: This is the part of your salary that qualifies for tax payments. In your case it's £{{(earningsSliders.yearly + (bonus.to_extract.yearly * 1) - yearlyAllowance )/12 | number : 2}}.
    • Earnings for NI: This is the part of your salary that you pay NI on. In our case it's £{{(ni.above_basic_limit + ni.above_higher_limit)/12 | number : 2}}.
  • Year to date: This is the summary for all the months up until now, from the current tax year (tax years start on the 5th of Apr each year). We've simulated a full year with your £{{earningsSliders.yearly | number : 0}} salary, so we'll show the calculations for a full year in this section.
    • Total Gross Pay TD: This is the total gross pay for the current period (as mentioned, the period is a full 12 months in our simulation, to be able to show you a full year's calculations). In your case, the sum is {{(earningsSliders.yearly + (bonus.to_extract.yearly * 1) - yearlyAllowance ) | number : 2}}
    • Gross for tax TD: This is the yearly sum (remember, we simulate a full year's earnings, i.e a payslip that's being processed in the last month of the financial year) that qualifies for tax payments (we've extracted your personal allowance from your yearly gross income). In your case this sum is £{{(earningsSliders.yearly + (bonus.to_extract.yearly * 1) - yearlyAllowance ) | number : 2}}
    • Tax paid TD: This is the total tax that you paid so far in the current financial year, for all your earnings. For a £{{earningsSliders.yearly | number : 0}} yearly salary, this will be £{{incomeTax.yearly | number : 2}}.
    • Earnings for NI TD: This are total earnings for the tax year, that you will have to pay national insurance on (we've deducted your national insurance threshold from your total gross yearly earnings). In our calculations, your earnings for NI for the whole year will be £{{(ni.above_basic_limit + ni.above_higher_limit) | number : 2}}
    • Nat. Insurance TD: This is the total yearly national insurance that you'll pay from your gross income of £{{earningsSliders.yearly | number : 0}}. The total amount of NI is {{nationalInsurance.yearly | number : 2}}.
  • Tax Period: This is the number of months that we are in the financial year, when we calculate your tax. In our calculations we've simulated that we are at the beginning of Apr, just before the start of the next financial year, so that we can show you the calculations for the whole year. As you've selected the tax year from 5th of Apr {{tax_year}} to 4th of Apr {{tax_year*1 + 1}}, we've simulated the calculation on the 4th {{tax_year*1 + 1}}, just before we leap into the next financial tax year.
  • Payment Method: This can be any payment method, and it won't affect the calculations in any ways. We've put down a BACS method (via your bank), but it can be cheque, cash, or any other payment method.
  • NET Pay: This is your monthly net pay from your yearly £{{earningsSliders.yearly | number : 0}} income, after every deduction. This is the amount that goes into your bank account each month. According to our payslip calculations above, the monthly net pay for the £{{earningsSliders.yearly | number : 0}} salary will be £{{takeHome.monthly + (bonus.to_extract.monthly * 1) | number : 0 }}.

Tax rules used for your £{{earningsSliders.yearly | number : fractionSize}} payslip

Please note: changing the tax year below will change the calculations on this whole page as well. Tax year - 2019/2020 Tax year - 2018/2019 Tax year - 2017/2018 Tax year - 2016/2017

UK Tax Calculations

UK NI Calculations

UK Dividend Calculations

UK Tax Calculations

Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Basic tax band (20%):
£{{yearlyAllowance + 1*1 | number : fractionSize}} - £{{yearlyAllowance + highTaxLimit | number : fractionSize}}
Higher rate tax band (40%):
£{{yearlyAllowance + highTaxLimit + 1*1 | number : fractionSize}} - £{{highestTaxLimit | number : fractionSize}}
Highest rate tax band (45%):
Above £{{highestTaxLimit | number : fractionSize}}

UK NI Calculations

NI threshold (allowance):
£{{nationalInsuranceYearlyThreshold | number : fractionSize}}/year
(£{{nationalInsuranceYearlyThreshold / working_weeks | number : fractionSize}}/week)
12% rate NI band:
Yearly:
£{{nationalInsuranceYearlyThreshold | number : fractionSize}} - £{{nationalInsuranceUpperLimit | number : fractionSize}}

Weekly:
£{{nationalInsuranceYearlyThreshold / working_weeks | number : 0}} - £{{nationalInsuranceUpperLimit / working_weeks | number : 0}}
2% rate NI band:
Yearly:
Above £{{nationalInsuranceUpperLimit | number : fractionSize}}

Weekly:
Above £{{nationalInsuranceUpperLimit / working_weeks | number : 0}}

UK Dividend Calculations

Dividend allowance:
£{{dividends.settings.initial_settings.allowance | number : 0}}
Basic rate:
{{dividends.settings.initial_settings.rates.basic_rate | number : 1}}%
Higher rate:
{{dividends.settings.initial_settings.rates.higher_rate | number : 1}}%
Additional rate:
{{dividends.settings.initial_settings.rates.additional_rate | number : 1}}%

Scottish Tax Rules

Student Loan: Plan 1

Student Loan: Plan 2

Scottish Tax Rules

Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Starter Rate ({{scottish_bands.starter.rate | number : 0}}%):
£{{scottish_bands.starter.start + 1*1 | number : fractionSize}} - £{{ scottish_bands.starter.end | number : fractionSize}}
Basic Rate ({{scottish_bands.basic.rate | number : 0}}%):
£{{scottish_bands.basic.start | number : fractionSize}} - £{{ scottish_bands.basic.end | number : fractionSize}}
Intermediate Rate ({{scottish_bands.intermediate.rate | number : 0}}%):
£{{scottish_bands.intermediate.start | number : fractionSize}} - £{{ scottish_bands.intermediate.end | number : fractionSize}}
Higher Rate ({{scottish_bands.higher.rate | number : 0}}%):
£{{scottish_bands.higher.start | number : fractionSize}} - £{{ scottish_bands.higher.end | number : fractionSize}}
Top Rate ({{scottish_bands.top.rate | number : 0}}%):
£{{scottish_bands.top.start | number : fractionSize}} - £{{ scottish_bands.top.end | number : fractionSize}}

Scottish tax rules

Personal allowance:
£{{yearlyAllowance | number : fractionSize}}
Personal allowance limit:
£100,000
Basic tax band (20%):
£{{yearlyAllowance + 1*1 | number : fractionSize}} - £{{yearlyAllowance + highTaxLimit | number : fractionSize}}
Higher rate tax band (40%):
£{{yearlyAllowance + highTaxLimit + 1*1 | number : fractionSize}} - £{{highestTaxLimit | number : fractionSize}}
Highest rate tax band (45%):
Above £{{highestTaxLimit | number : fractionSize}}

Student Loan: Plan 1

Threshold (allowance):
Yearly
£{{student_loan.plan_1.allowance | number : 0}}

Monthly
£{{student_loan.plan_1.allowance / 12 | number : 0}}

Weekly
£{{student_loan.plan_1.allowance / working_weeks | number : 2}}
Rate for earnings above threshold:
{{student_loan.plan_1.rate | number : 0}}%

Student Loan: Plan 2

Threshold (allowance):
Yearly
£{{student_loan.plan_2.allowance | number : 0}}

Monthly
£{{student_loan.plan_2.allowance / 12 | number : 0}}

Weekly
£{{student_loan.plan_2.allowance / working_weeks | number : 2}}
Rate for earnings above threshold:
{{student_loan.plan_2.rate | number : 0}}%

Favorites

Test b