How much tax on £15000 a year UK?

If you earn £15,000 a year, your income tax will be £486.00, which equates to £40.50 monthly. You also pay NI contributions of £243.00 on your £15,000 a year salary.

UK Income Tax Calculation

UK income tax calculations for employees are based on tax year 2023-24:

How is income tax calculated on a salary of £15,000 per year in the UK?

Income tax is calculated based on how much you earn. The UK Government sets income tax rates and for the current 2023/24 tax year, the rates table is below:

UK Income Tax rate:

CategoryThresholdRate
Personal allowance£12,570free
Basic rate£12,571 to £50,27020%
Higher rate£50,271 to £125,14040%
Additional rateOver £125,14145%

Recent income tax calculations are based on earnings limits. The rates apply only to the portion of your income, not your entire amount, when you calculate your taxes.

For example, if you make £55,000 a year, you will not be taxed at 40% of this entire amount. The amount breaks down:

  • £12,570 = Tax-free
  • £50,270 – £12,570 = £37,700 = 20%
  • £55,000 – £50,270 = £4,730 = 40%

On earning £15,000 a year, income tax calculation will be is as follows:

£15,000 – £12,570 = £2,430 × 0.2 (20%) = £486

Note: The same calculations apply when you use this calculator.

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