2010/2011 Tax Calculator

2010/2011 Tax Calculator

November 11th 2009 12:36 pm

general

tax calculator powered by UK Tax Calculators 2010/2011 UK Tax Calculator - Click Here We have added a 2010/2011 Tax C ...

By Ray Arman

12,965 views

tax calculator powered by UK Tax Calculators

2010/2011 UK Tax Calculator - Click Here

We have added a 2010/2011 Tax Calculator with the 50% rate and new tapering for Personal Allowances over £100,000. Using our figures, an individual earning £250,000 will take home £141,220 in the 2010/2011 Tax Year. This means an additional £12,590 could be taken as tax due to the Personal Allowance and 50% tax changes. An individual earning £105,000 would have been taxed a total of £36,739 this year, but next tax year this will rise to £37,739 - an increase of £1000.

In the 2010-11 tax year the Personal Allowance reduces where the income is above £100, 000 – by £1 for every £2 of income above the £100,000 limit. This applies to all age groups.

However, for people over the age of 65, for the 2008-09 and 2009-10 tax years the tax free allowances will never be less than the basic Personal Allowance.

From the 2010-11 tax year the Personal Allowance for people aged 65 to 74 and 75 and over can be reduced below the basic Personal Allowance where the income is above £100,000.

be smart. find an accountant online now. it's easy!

what type of accounting work do you need help with? choose below.

terms and conditions

privacy and cookie policy

cookie policy

sitemap

are you an accountant? join our network

have a website, blog or app? become an affiliate

find an accountant

east midlands

east of england

london

north east

north west

northern ireland

scotland

south east

south west

wales

west midlands

yorkshire and the humber

Disclaimer

We are a lead generation facility for accountants located across the UK. We provide our visitors with the ability to search for accountants directly or provide details of the work they require and seek out accountants looking for clients with similar circumstances. Users of this website are assured that their personal details are not distributed to more than one accountant and that accountant is then allowed to contact the user to discuss the service the accountant can provide. All data transmission on this website and administration facility is carried out under full 256-bit SSL encryption.

Please read our full disclaimer.