Methodology

Calculations are approximations designed to mirror the HMRC rules used for UK payroll estimates.

• Personal allowance is applied before tax.
• Income Tax is calculated using the relevant tax bands for England, Wales and NI, or Scotland.
• Employee National Insurance is calculated on the relevant thresholds and rates.
• Student loan is applied to the chosen plan and only above the relevant threshold.
• Salary sacrifice and net pay pension arrangements reduce taxable salary.