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Budget calculator: Your new income tax and national insurance bill

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Work out your tax and national insurance bill for the next two tax years, up to 2017

The Government has announced the new tax rates and allowances for the next three tax years.

The personal allowance will rise from £10,000 this tax year to £10,600 on April 6, which was previously announced. This means the first £10,600 you earn will be tax free for most workers. This will rise to £10,800 in 2016/17 and £11,000 the following year.

The starting level of the 40pc tax will also rise from £41,865 to £42,385 on April 6. It will then rise to £42,700 in 2016/17 and £43,300 in 2017/18.

 

Use the calculator to work out how much you will pay.

 

 

http://www.telegraph.co.uk/finance/personalfinance/tax/11481242/Budget-calculator-Your-new-income-tax-and-national-insurance-bill.html

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