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• FIRST POST
• Pippin89
• By Pippin89 12th Mar 18, 11:57 AM
• 1Posts
• 0Thanks
Pippin89
Hi All

I am hoping someone can help me calculate how my upcoming bonus will be taxed.
In April (at the beginning of the new tax year) I will be getting a bonus of £10,200 which will be paid through PAYE. My normal salary is £35k. I think I am right in saying that when the tax is calculated they will assume that I will be earning that extra £10.2k every month and therefore I will pay a huge amount in tax and then I will pay less tax throughout the year until it balances out??? Is this right? Could anyone with a better understanding than me calculate how much of my bonus I will actually get upfront in April??

Pip
Page 1
• Tom99
• By Tom99 12th Mar 18, 1:03 PM
• 1,555 Posts
• 1,010 Thanks
Tom99
I believe you will get 1/12th of your £11,850 tax free allowance and 1/12th of your £34,500 20% allowance in April.

So if your salary in April is £35,000/12 + £10,200 = £13,116.67 you will pay tax:

£987.50 * 0% = £0
£2875 * 20% = £575
£9254.17 * 40% = £3701.67

Total tax in April £4276.67
• getmore4less
• 12th Mar 18, 2:21 PM
• 31,611 Posts
• 18,944 Thanks
getmore4less
Don't forget the NI,, some that will now be at 2% rather than 12% if it was spread throughout the year so there is a saving.