What tax is actually going up in April 2022

Dazed_and_C0nfused

Most people under State Pension age earning above £190 per week or £823 per month will pay it.

sultan123

Dazed_and_C0nfused said:

Most people under State Pension age earning above £190 per week or £823 per month will pay it.

Thanks and what about income tax for someone who earns 80k, what are the relevant thresholds on this figure

molerat

sultan123 said:

Dazed_and_C0nfused said:

Most people under State Pension age earning above £190 per week or £823 per month will pay it.

Thanks and what about income tax for someone who earns 80k, what are the relevant thresholds on this figure

https://www.gov.uk/income-tax-rates

Thrugelmir

sultan123 said:

From this april 2022 what NI and tax increases are actually happening?

Also has personal allowance changed compared to 2021 tax year

Sometimes freezing tax rates and allowances achieves the same objective. Inflation increasing the overall amount of tax collected by the Teasury. 

sultan123

molerat said:

sultan123 said:

Dazed_and_C0nfused said:

Most people under State Pension age earning above £190 per week or £823 per month will pay it.

Thanks and what about income tax for someone who earns 80k, what are the relevant thresholds on this figure

https://www.gov.uk/income-tax-rates

Thanks so with those tax rates what would what the difference in yearly take home pay is between a annual salary of 80k, 87k and 88k

Dazed_and_C0nfused

sultan123 said:

molerat said:

sultan123 said:

Dazed_and_C0nfused said:

Most people under State Pension age earning above £190 per week or £823 per month will pay it.

Thanks and what about income tax for someone who earns 80k, what are the relevant thresholds on this figure

https://www.gov.uk/income-tax-rates

Thanks so with those tax rates what would what the difference in yearly take home pay is between a annual salary of 80k, 87k and 88k

I think there is sufficient information on your other thread for you to understand this now.

TadleyBaggie

Which has a nett salary calculator which says it supports 2022/23 tax year:

https://www.which.co.uk/money/tax/income-tax/tax-rates-and-allowances/income-tax-calculator-201920-av0q60j7yrj1#headline_1

The numbers based on your query are:

£54,250.08
£58,222.56
£58,790.04

sultan123

TadleyBaggie said:

Which has a nett salary calculator which says it supports 2022/23 tax year:

https://www.which.co.uk/money/tax/income-tax/tax-rates-and-allowances/income-tax-calculator-201920-av0q60j7yrj1#headline_1

The numbers based on your query are:

£54,250.08
£58,222.56
£58,790.04

Thanks a million! I forgot to mention 5% salary pension sacrifice so I guess those 3 values would be less?

sultan123

The July NI contribution limit seems to be increasing my net pay when I look on the calculator on this website. Is that correct?

[Deleted User]

sultan123 said:

The July NI contribution limit seems to be increasing my net pay when I look on the calculator on this website. Is that correct?

It should depending on your salary level - around £250 per month more can be earned without paying NI. It appears that the number crunchers are saying that anyone earning less than c£34000 per annum will pay less NI from July than they due currently in 2021/22 tax year.