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£1,500 / Month After Tax - Official HMRC Rates 2018

If you're earning a gross salary of £1,500 per month, you'll take home £1,302 after tax and national insurance. A monthly gross salary of £1,500 will result in a £18,000 yearly salary. We'll use this sum to calculate your tax, NI, and take home pay below.

As we already mentioned above, if your total yearly earnings are £18,000, you'll get paid £1,302 every month after tax, in your bank account.

We've also calculated your hourly rate, which is £8.65, assuming that you'll work a full time 40 hours a week.

You will have to pay a total tax of £103 per month (£1,230/year)out of your gross £1,500 monthly income.

You'll also have to pay pay £96 National Insurance every month (or £1,149 per year) in the 2018 - 2019 tax year.

Salary

  • Gross
  • Tax
  • NI
  • NET

Year

  • £18,000
  • £1,230
  • £1,149
  • £15,621

Month

  • £1,500
  • £103
  • £96
  • £1,302

Week

  • £346
  • £24
  • £22
  • £300

Hour

  • £8.65
  • £0.60
  • £0.55
  • £7.50
  • Gross
  • Tax
  • NI
  • NET

Year

  • £18,000
  • £1,230
  • £1,149
  • £15,621
  • Gross
  • Tax
  • NI
  • NET

Month

  • £1,500
  • £103
  • £96
  • £1,302
  • Gross
  • Tax
  • NI
  • NET

Week

  • £346
  • £24
  • £22
  • £300
  • Gross
  • Tax
  • NI
  • NET

Day

  • £69.20
  • £4.80
  • £4.40
  • £60.00
  • Gross
  • Tax
  • NI
  • NET

Hour

  • £8.65
  • £0.60
  • £0.55
  • £7.50

Extra info regarding your £1,500 monthly salary


Personal allowance

One important fact about your £18,000 yearly salary (equivalent to £1,500 / month) is that you have a personal allowance of £11,850 in the tax year 2018 - 2019 (or £988 per month). Which means that you'll only pay tax on £6,150 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 £6,150 (we extracted your personal allowance from your yearly wage).

Amount liable for NI

As you are earning below the yearly national insurance threshold of £8,424, you won't pay any national insurance on your earnings.

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