This resource page provides a selection of easy-to-use calculators. Enter your figures to plan your finances and make better-informed financial decisions. Updated for 2009/2010 Budget.

Simply select a Calculator from the drop-down menu above.

This calculator replicates the outputs of a payroll system, generating employee payslip captions and calculating take home pay after PAYE income tax and national insurance contributions. From an employer's perspective it also shows the net cost to the employer. Simply enter details of the gross monthly pay and PAYE coding.

Tax codings are applied to ensure employers deduct the correct amount of tax from an employee’s pay. In calculating the applicable code, HMRC total the employee’s tax allowances and deduct such benefits-in-kind as car benefit and other income that has not yet been taxed.

For example, assuming a gross monthly pay amount of £2,000 and a PAYE code of K475, the total income tax deducted under PAYE will be £2,000, employee national insurance contributions will be £174, and net pay will be £1,320. With employer’s NIC of £202, the total cost to the employer will amount to £2,202 a month.