£1,200 / Month After Tax - Official HMRC Rates 2019/2020
If you're earning a gross salary of £1,200 per month, you'll take home £1,119 after tax and national insurance. A monthly gross salary of £1,200 will result in a £14,400 yearly salary. We'll use this sum to calculate your tax, NI, and take home pay below.
PLEASE NOTE: for a YEARLY £1,200 income, please follow this link, as on this page we're assuming you are earning £1,200 per month!
As we already mentioned above, if your total yearly earnings are £14,400, you'll get paid £1,119 every month after tax, in your bank account.
We've also calculated your hourly rate, which is £6.93, assuming that you'll work a full time 40 hours a week.
You will have to pay a total tax of £32 per month (£380/year)out of your gross £1,200 monthly income.
You'll also have to pay pay £49 National Insurance every month (or £588 per year) in the 2020 - 2021 tax year.
Salary
- Gross
- Tax
- NI
- NET
Year
- £14,400
- £380
- £588
- £13,432
Month
- £1,200
- £32
- £49
- £1,119
Week
- £277
- £7
- £11
- £258
Hour
- £6.93
- £0.18
- £0.28
- £6.45
Salary
- Gross
- Tax
- NI
- NET
Year
- £14,400
- £380
- £588
- £13,432
Salary
- Gross
- Tax
- NI
- NET
Month
- £1,200
- £32
- £49
- £1,119
Salary
- Gross
- Tax
- NI
- NET
Week
- £277
- £7
- £11
- £258
Salary
- Gross
- Tax
- NI
- NET
Day
- £55.40
- £1.40
- £2.20
- £51.60
Salary
- Gross
- Tax
- NI
- NET
Hour
- £6.93
- £0.18
- £0.28
- £6.45
Extra info regarding your £1,200 monthly salary
Personal allowance
One important fact about your £14,400 yearly salary (equivalent to £1,200 / month) is that you have a personal allowance of £12,500 in the tax year 2020 - 2021 (or £1,042 per month). Which means that you'll only pay tax on £1,900 of your earnings for the total year.
Taxable amount
According to our calculations, you'll have a total taxable amount (the part of your salary that is getting taxed) of £1,900 (we extracted your personal allowance from your yearly wage).
Amount liable for NI
As you are earning below the yearly national insurance threshold of £9,500, you won't pay any national insurance on your earnings.