How to Calculate Income Tax & National Insurance | 2020-21

Let's look at how to calculate income tax and national insurance for the 2020-21 tax year.

Calculating your income tax isn't always the most straightforward, so we'll go through practical examples which include tax on salary, dividends, and some self-employed income. We'll also go through national insurance rates and allowances for the year.

Helpful links:

UK National Insurance Rates and Allowances -https://www.gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions

UK Income Tax Rates and Allowances - https://www.gov.uk/income-tax-rates

Income Tax Rates in Scotland - https://www.gov.uk/scottish-income-tax
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Видео How to Calculate Income Tax & National Insurance | 2020-21 канала Juniper Lynx