UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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I am 67, married, Pension income of 25964. Your calculations I would pay 600 more per year than any other site!
Freddy - 30/03/2010 09:27:58Your tax calculation is as follows:
Ray Arman
You are married, aged 67 and earning £26,964/year.
Personal Allowance is reduced from the standard of £9490 to £7458 (£2032 is deducted as you earn over the age related allowance limit of £22,900)
The taxable amount is therefore £19,506 and tax due@20% is £3,901.20.
The only deduction that could be made to reduce your tax bill is the married couples allowance - but that is only applicable if you/your partner are either over 75 or born before 6th April 1935 (i.e. 75).
You are 67.
You would have an additional £591.60 taken off your tax bill with married couples allowance. Your tax bill would be £3309.60
Please email me at [email protected] with information about where you got the other calculation from Freddy.
Any chance you can add in pension contributions as these are now critical
GoRt - 26/03/2010 16:25:17The calculator currently allows Private Pension Contributions and Salary Sacrificed Pension Contributions/Employer Paid, Please clarify by emailing me at [email protected]
Ray Arman
Explain civil service contracted out pension, entry required in calculator?
Tentooneten - 22/03/2010 16:13:38
A facility to add in 2 income streams. One (pension) with no NI and the other with variable rate NI contributions
Joe - 22/03/2010 11:20:19
Implement anti-forestalling rules for earners above 130k
TaxNut - 21/03/2010 12:31:54