It’s that time of year again – The Salary Calculator has been updated with the latest tax information which takes effect from 6th April 2010.

As reported at the end of last year, for most people there’s actually no difference between the 2009 figures and the 2010 ones. Personal allowances are staying the same (whereas they usually go up), as are National Insurance payment thresholds.

However, there are some changes for those earning over £100,000 – personal allowances are reduced by £1 for every £2 your salary goes over £100,000, and there is a new 50% tax rate for taxable income over £150,000. So while most of the population will find their payslips unchanged come April, the highest earners will find themselves significantly worse off.

To see how you’re affected, try out The Salary Calculator with your salary. The details of the figures used by The Salary Calculator are available on the About page.

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None of the content on this website, including blog posts, comments, or responses to user comments, is offered as financial advice. Figures used are for illustrative purposes only.

2 Comments to April 2010 rates applied

  1. […] Salary Calculator has already been updated, as described in a previous post, so the April 2010 values are used for both National Insurance and tax calculation. Details of the […]

  2. 2010 Budget announced | The Salary Calculator on March 24th, 2010
  3. […] comparison to last year, when rates for most of us were unchanged, there are a number of differences which will mean that […]

  4. April 2011 rates applied | The Salary Calculator on March 15th, 2011

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