United Kingdom Income Tax Calculator
United Kingdom Tax Calculator
Tax Calculation Results
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UK Tax System Basics
The UK has a progressive income tax system with different tax bands. The tax year runs from April 6th to April 5th the following year.
Key Elements of UK Taxation
- Personal Allowance: Everyone has a tax-free allowance (currently £12,570).
- National Insurance: A separate contribution that funds state benefits.
- PAYE System: Most employees have tax deducted automatically through the Pay As You Earn system.
Understanding your tax code is important in the UK as it determines how much tax-free income you're entitled to. Self-employed individuals need to complete a Self Assessment tax return annually.
