Tax Rate

[LineTrash]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

 

[Wilfy]

£11850 is the tax free amount I think so £38150 would be taxable, some at 40%

 

[THELORDRODWELL]

Income Tax

Personal tax: National Insurance - GOV.UK

 

[SAFC Wilks]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

Depends what that income consists of. Dividend tax rates are different to salary/interest tax rates.

 

[joemcdokes]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

If you can't do a little bit of research to find out, you don't deserve the job.
Obviously a managerial post of some description seeing as you can't be arsed.

 

[Ludwig]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

40%

 

[darius]

£11850 is the tax free amount I think so £38150 would be taxable, some at 40%

About £7,000 of it at 40% and the rest at 20% after that

 

[LineTrash]

If you can't do a little bit of research to find out, you don't deserve the job.
Obviously a managerial post of some description seeing as you can't be arsed.

Sorry, didn’t mean to piss in your Cheerios...I’ve looked online but it was a little complicated to figure out taxable income. Figure I would go to the source...so fuck me for being such an ass.

 

[joemcdokes]

Sorry, didn’t mean to piss in your Cheerios...I’ve looked online but it was a little complicated to figure out taxable income. Figure I would go to the source...so fuck me for being such an ass.

Arse not ass.

 

[super noodles]

Arse not ass.

Ass could be right. Donkeys are notoriously shite at arithmetic.

 

[RossTheNinja]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

Goggle online payslip calculator. You can get loads of detail

 

[gazza.1990]

40%

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

You're only taxed at 40% on earnings above the threshold, so if you're earning £50k, the majority of that will "only" be taxed at 20%.

£0 - £11,850 is tax free
£11,851 - £46,350 taxed at 20%
£46,351 - £50k is taxed at 40%

 

[Deleted member 40035]

Wait till you see whats paying for the new NHS as it might change in the near future.

 

[Baloo]

Curious, what is the tax rates in the UK?

Say a income of 50k a year, what percentage is taxed?

Www.listentotaxman.com

 

[Charmless Man]

Wait till you see whats paying for the new NHS as it might change in the near future.

It’s the 350 million a week we woz promised by Nige you remoaning snowflake cum trench!

 

[Le Chuck]

Pension contributions are tax deductable. So if you're on 50k and pay 8% into pension, you wont pay any tax at 40%

 

[The Muffin Man]

Sorry, didn’t mean to piss in your Cheerios...I’ve looked online but it was a little complicated to figure out taxable income. Figure I would go to the source...so fuck me for being such an ass.

This is an excellent calculator to work out what your take home pay would be on whatever salary you have, taking off tax, national insurance, any pension you pay, student loans, childcare salary sacrifices etc.... It is always up to date as tax policies change.

The Salary Calculator - Take-Home tax calculator

 

[LineTrash]

This is an excellent calculator to work out what your take home pay would be on whatever salary you have, taking off tax, national insurance, any pension you pay, student loans, childcare salary sacrifices etc.... It is always up to date as tax policies change.

The Salary Calculator - Take-Home tax calculator

That’s perfect...includes everything.

 

[Joe Public]

40%

Nope

 

[The Muffin Man]

That’s perfect...includes everything.

Aye, I use it all the time when looking at implications of possible job changes or when my kids are asking what they would be taking home if their salary is "X". Great tool and accurate.