The tax on British wages is calculated as follows: (calculated by annual salary)

1. 5000 of which is tax-free.

From 2.500 1 to 35,000, a tax of 2 1% will be charged.

3. levy a 40% tax on the part above 3500 1.

4. In addition, 7% national insurance will be paid.

The above part is deducted from the monthly salary on a monthly basis.

5. Pay about 5% of the pension, and the proportion of different institutions is slightly different. The organization will subsidize you at 2/3 of this ratio.

The above four articles. And five. Will be collected when you retire.

If you work in the UK for a short time, you can negotiate with your company and leave out item 5).

If you have worked for less than one year and left the UK before 1, you can apply to the Inland Revenue Department (Inland Revenue Department) for a refund of all your taxes.

Extended data:

British personal income tax refers to a tax levied on personal income in Britain. Taxpayers include British residents and non-residents Anyone who has lived in Britain for more than six months in a tax year is a British resident, otherwise he is a non-resident.

Taxation of all domestic and foreign income of residents; Non-residents only need to pay taxes on their income from the UK. Personal income tax in Britain is based on taxable income.

The so-called tax revenue refers to the income from various sources stipulated in the income tax classification table. After deducting the necessary expenses that are allowed to be deducted, the balance after deducting the livelihood expenses is summarized.

Allowable deductions for living expenses include:

Basic deduction, support deduction, labor income deduction, old age deduction, disability deduction, widow (widower) deduction, donation deduction, etc. According to the law, these deductions are adjusted with the price index every year.

The personal income tax in Britain is subject to four levels of excess progressive tax rate, 1986, with the lowest tax rate of 29% and the highest tax rate of 60%. British personal income tax adopts two ways: source withholding and cheque collection.

Source withholding is mainly applicable to the taxation of wages, salaries, interest and other income; Other income items are generally collected by checking.

References:

British personal income tax-Baidu Encyclopedia