The calculations are for example only and may vary from actual by a small amount.

 

To do the calculations on your own employee’s salary use the following information.

For the Tax Take your employee’s  weekly/monthly GROSS salary and deduct the Tax Free allowance. The Tax Free allowance is based on the Tax Code of your employee so if 647 then the Tax Free allowance is £6,475.00 per annum divide by 12 or 52 to get the Weekly or Monthly amount. If the Tax Code is for example 323 then the Tax Free allowance for the year is £3,235 per annum then divide by the appropriate amount.

Please then follow the attached Tax changes spread sheet here

For the NI Take the primary threshold per month/week from the Gross pay per month/week and then follow my example on the NI changes spread sheet.

If you need further help please call 01536 262100, but this will give you and idea of what it means for you.