Income tax calculator: how much will I need to pay?

This calculator has been updated to reflect the National Insurance changes announced in the Spring Statement 2022

piggy banks
(Image credit: Getty)

Understanding how much income tax you need to pay is essential for keeping your finances under control and your budget in check. Use our income tax calculator below to see how much tax you will need to pay and how much of your income you get to take home.

Our income tax calculator is free and easy to use. Simply input your annual income and our calculator will not only show you how much tax and National Insurance you’ll pay, but also what your net income will be (by week, month and year) to allow you to plan your finances effectively.

This calculator is also a useful tool if you are moving to a new job or negotiating a pay rise. It’ll give you an accurate picture of your new net income following a pay increase.

This calculator has been updated to reflect the National Insurance changes announced in the Spring Statement 2022

Please note that this result is correct when averaged over the year. You can expect to pay more from April - June, then a little less from July onwards due to the way the government changes have come in.

What is income tax?

Income tax is a tax you pay on your earnings and for most people, it is paid via your employer’s PAYE system. Every employee will have a tax code which tells your employer how much to deduct from your gross salary.

If you are self-employed, you may pay income tax through a Self Assessment tax return each year.

What is National Insurance?

You will pay mandatory National Insurance if you are over 16 and either:

  • employed and earning more than £184 a week
  • self-employed and making a profit of £6,515 or more a year.

Paying National Insurance contributions allows you to qualify for particular benefits and the State Pension.

About our income tax calculator:

The calculations are for a single taxpayer and based on the current tax year.

If you think you may have paid the incorrect amount of tax, contact HMRC.

Jenny Proudfoot
Features Editor

Jenny Proudfoot is an award-winning journalist, specialising in lifestyle, culture, entertainment, international development and politics. She has worked at Marie Claire UK for seven years, rising from intern to Features Editor and is now the most published Marie Claire writer of all time. She was made a 30 under 30 award-winner last year and named a rising star in journalism by the Professional Publishers Association.