Tax

UK Taxation 2017 to 2018

Annual Income (Gross) 60,000.00 Monthly take home pay : 3,548.04

Total PAYE tax (income + NI) 12,700.00 Weekly take home pay : 818.78
Total National Insurance 4,723.52
Student Loan Payment 0.00 If you find this spreadsheet useful, please consider making a donation
Total deductions 17,423.52 towards my costs at http://paulbanks.org/donate/
NET PAY 42,576.48
Age 30 years
Student Loan Payment No (Plan1/Plan2/No)
Blind No (Yes/No)
Pension Contributions 0.00 per year

Personal Allowance
Basic 11,500.00 Basic 11,500.00
Age related contribution 0.00 Age 65-74 11,500.00
Age related taper deduction 0.00 Age 75 and over 11,500.00
Allowance after age adjust 11,500.00 Blind persons allowance 2,320.00

Taper deduction 0.00 Age related threshold 27,700.00

Taper threshold 100,000.00
Personal Allowance 11,500.00

Income Tax
Taxable Income 48,500.00 Personal Allowance 11,500.00
Blind persons allowance 0.00
Total Allowances 11,500.00

Tax Carry Over Rate Start of Band End of Band

0% Rate 0.00 48,500.00 0.00% 0.00 0.00
20% Rate 6,700.00 15,000.00 20.00% 0.00 33,500.00
40% Rate 6,000.00 0.00 40.00% 33,501.00 150,000.00
45% Rate 0.00 0.00 45.00% 150,000.00 99,999,999.00

Total Income Tax 12,700.00 * The 10% rate only applies to savings so it is zeroed.

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National Insurance
Weekly Income (Gross) 1,153.85 State Pension Age 65 years

Tax Carry Over Rate Start of Band End of Band

0% Rate 0.00 996.85 0.00% 0.00 157.00
12% Rate 85.08 287.85 12.00% 157.01 866.00
2% Rate 5.76 0.00 2.00% 866.01 99,999,999.99

Total Weekly NI 90.84

Age related deduction 0.00
Total Annual NI 4,723.52

Student Loan Repayment

Threshold 0.00 Plan 1 Plan 2
Income above threshold 60,000.00 Repayment Threshold 17,775.00 21,000.00
Repayment (if applicable) #MACRO? Repayment Rate 9.00% 9.00%

Copyright (c) 2002-2017 PaulBanks.org, Some rights reserved

See :http://creativecommons.org/licenses/by-nc-sa/2.0/uk/ for 'license' information

WARNING: This spreadsheet, and accompanying documentation, is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.
The author is not a qualified accountant and this spreadsheet does not constitute any form of financial or legal advice and should not be
used for this purpose

Usage instructions.
1) Enter gross annual income in C3.
2) Correct details for age, student loan, etc
3) PAYE Tax, NI and student loan contributions are calculated automatically for the tax year 2017 to 2018.
4) Editable fields are highlighted so you can alter any other aspect of the sheet using them.
5) If you want to edit the entire sheet, un-protect the cells using the spreadsheet menu. There is no password.

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king a donation

Difference
0.00 *
33,500.00
116,500.00
99,850,000.00

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Difference
157.00
709.00
99,999,133.99

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