MK Horsley

Payslip Calculator

This payslip calculator performs monthly calculations for the 2006/07 tax year on a Month 1 basis. These deductions should approximate to your monthly payslip. Please see the explanatory notes below.



Please enter your gross monthly pay (£)



Please enter the numerical part of your tax code (removing all letters)
For example, if your tax code is 503 L enter 503. (If you are unsure of your tax code enter 503, which represents the standard personal allowance for a single or married person)



If you have one of these tax codes please select it from the list



	£
Your gross pay is
Your PAYE tax deduction is
Your NI deduction is
Your net pay is
Your employer's contribution is
The cost to your employer is

Please note:

For calculating gross pay from net pay you will need to make an initial guess for the gross figure and then start amending that figure in the appropriate direction until you arrive at the target net pay figure.
For directors the NI is calculated on a monthly basis and not on an earnings basis.
This calculator is designed for the standard National Insurance category, ie. not contracted out of SERPS , and for persons aged between sixteen and retirement age (Category A ).

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