tax region

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Does the calculator include the £2k employers allowance relieving ER NIC?

David - 28/09/2014 14:29:17

No, the calculator does not include £2,000 employers national insurance allowance.

Ray Arman

Aged 77 gross £118,000 pa: why £1,000 allowance. Should be zero if income over £27,100??

Michael Kelly - 30/05/2014 14:39:06

As the gross income (£118,000) is over the age-related allowance limit of £27,000, the personal allowance of £10,660 is reduced by £1 for every £2 over the limit. This, however, is capped to the minimum amount of £10,000 for 2014/2015. The further reduction is then applied due to having an income of £100,000 - so another £1 for every £2 over - £9,000 is therefore taken off the basic allowance of £10,000. This leaves a tax free allowance of £1,000.

Ray Arman

Thanks for your great website. Calculation would be clearer if gross dividends were used. Keep up the good work!

Guy - 17/01/2014 20:29:12

How does one calculate tax liability for two retired people in pension income only?

R McGahon - 05/01/2014 07:46:16

You will need to run two separate calculations, one for each person. When entering the income details, make sure you tick the 'NO NICS' option and enter the correct date of birth. Enter the pension income as your gross income for the tax year.

Ray Arman

Good info

KS - 29/12/2013 20:56:32

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