2011/2012 Tax Calculator
Thu, Mar 25, 2010
We’ve just launched another new tax calculator, but this one gives an interesting insight into the announced changes for national insurance from the 2011 tax year.
tax calculator powered by UK Tax Calculators
Our 2011/2012 Tax Calculator is fully customisable and allows you to be the chancellor, as you can tinker with all the major income tax rates, allowances, bands and tapering limits.
We have preset the calculator to what we think is a possibility for income tax 2011/12 . However, the method we employed was an average of the last 5 years of tax changes applied to the 2010 rates.
This provided a new Personal Allowance of £6,838 and well as a higher rate band that starts at £38,425.
If the official rates are similar to these there will be interesting consequences for people earning £20,000+.
Due to the confirmed amendments to the national insurance lower rate (+1%) and upper rate (+1%) – as well as and increase to the primary threshold by £570/annum – people earning these amounts will be taking home less pay than this year.
Have a play with the figures on the 2011/2012 Tax Calculator and see if you can find a good point for the personal allowances, bands etc to be set at.
Tags: 2011/2012 tax, budget 2010
December 13th, 2010 at 3:20 pm
My total gross pay now is £1374.09 per month & my tax code is 641L Will this change in April 2011 ? If so what will the new code ?
Given my circumstances do not change will I be better or worse off next tax year ?
Thank You
December 14th, 2010 at 9:02 pm
If you remain on the same tax code next year, you will actually take home an additional £6.10 per month – this is due to the primary threshold on national insurance payments being raised next year by £1,508 per year. Try it on the main tax calculator.
January 12th, 2011 at 9:28 pm
Hi,
My total gross pay now is £36,000 per year.
My monthly NET is £ 2,230.
Will it be changed after April 6?
Many thanks.
February 4th, 2011 at 2:33 pm
My total gross pay is £1374 per month If my tax code changes to 747L how much will my monthly income be after tax ?
February 18th, 2011 at 4:14 pm
HI,
I am 64 at present and my public sector pension is £21200 gross,andI am due to get a 3.1% pay rise in april.Then on the 15th may i reach 65 and will receive a state pesion of £5620 per year gross.What would my take home pay net be per month from then pse,thanks, Derek