PAYE Calculator

PAYE Calculator

2016 PAYE Income Tax and Benefits Calculator
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2016 Tax Tables
Tax tables are simply a list of thresholds, percentages and fixed amounts which are used to quantify individual refundable and non-refundable tax credits and deductions. A refundable tax credit is an amount which can be creditted to you when you earn at or below a certain amount (a threshold), refundable tax credits are designed to top up your household income to provide a mimum living standard. Non-refundable tax credits are typically tax deductable and apply against your earning providing tax relief, you cannot claim back the unused part of non-refundable tax credits, they are typically a 'use or lose' type tax relief.
This table provides the list of refundable and non-refundable tax credits for 2016, a star adjacent the line indicates that the figure is integrated into the 2016 tax calculator and can be used as part of your take hpme pay calculation.
2016 PAYE Calculator Default Settings
General Settings
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Pension Settings
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s8None [Percentage] Fixed
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Earnings Minimum thresholds
s11£6.70
s12£7.20
National Insurance
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Your 2016 PAYE Calculation [ Annual Income £ ]
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Employer Calculations [Additional costs employees don't normally see]
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Your spouse / partner's 2016 PAYE Calculation [ Annual Income £ ]
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Employer Calculations [Additional costs employees don't normally see]
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Your Combined 2016 PAYE Calculation [ Annual Income £ ]
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Employer Calculations [Additional costs employees don't normally see]
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PAYE Income Tax Calculations
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P60 Checker (You)
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P60 Checker (Spouse)
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Payslip (You)
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Understanding the PAYE Calculation

These are the categories which you will commonly see / use in salary calculations. The categories are split into Employee and Employer elements. This is useful when understanding true employee costs from a business perspective. It is also useful for employees to understand the true salary package that they currently or plan to earn (when job hunting / comparing salaries etc.

Employee Salary factors

  • Gross Income : The total amount of your income before any tax deductions or exemptions are applied.
  • Personal Allowance : The tax free amount up to which you don't pay any tax on earnings. Personal allowance amounts are generically set by the chancellor at a fixed amount. This amount is refined to personal circumstances and controlled via HMRC using your tax code. Your tax code should always be shown on your pay slip.
  • Pension Contribution : The amount you contribute to your work based pension
  • Taxable Amount : The amount of your earning on which PAYE TAX is calculated
  • PAYE : Pay As You Earn, a means of calculating income based taxes based on specific earning thresholds and related percentages.
  • National Insurance : National Insurance is calculated on specific earning thresholds and related percentages, both of which are dependant on the National Insurance Category that you fall in..
  • Net Income : Your income or take home pay after the taxman has taken his cut.

Employer Salary factors

  • Salary : The baseline amount that an employee earns, normally fixed by contract.
  • National Insurance : The amount of National insurance that an employee pays in addition to the salary.
  • Pension Contribution : The Employer Pension Contributions that are made on top of the salary amount. Employer Pension contributions are compulsory based on a minimum fixed percentage amount of salary when the employee opts in to the work based pension scheme.
  • Cost of Employee : The total cost of an employee when encompassing the salary and additional mandatory elements specific by the taxman.
  • Percentages : The percentage figure indicates the specific line item amount as a percentage in in relation to the salary, proving a total figure which relates the total Cost of an Employee to their salary.