£1,500 / Month After Tax - Official HMRC Rates 2019/2020

If you're earning a gross salary of £1,500 per month, you'll take home £1,350 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.

PLEASE NOTE: for a YEARLY £1,500 income, please follow this link, as on this page we're assuming you are earning £1,500 per month!

As we already mentioned above, if your total yearly earnings are £18,000, you'll get paid £1,350 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 £91 per month (£1,086/year)out of your gross £1,500 monthly income.

You'll also have to pay pay £60 National Insurance every month (or £720 per year) in the 2022 - 2023 tax year.

Salary

  • Gross
  • Tax
  • NI
  • NET

Year

  • £18,000
  • £1,086
  • £720
  • £16,194

Month

  • £1,500
  • £91
  • £60
  • £1,350

Week

  • £346
  • £21
  • £14
  • £311

Hour

  • £8.65
  • £0.53
  • £0.35
  • £7.78
  • Gross
  • Tax
  • NI
  • NET

Year

  • £18,000
  • £1,086
  • £720
  • £16,194
  • Gross
  • Tax
  • NI
  • NET

Month

  • £1,500
  • £91
  • £60
  • £1,350
  • Gross
  • Tax
  • NI
  • NET

Week

  • £346
  • £21
  • £14
  • £311
  • Gross
  • Tax
  • NI
  • NET

Day

  • £69.20
  • £4.20
  • £2.80
  • £62.20
  • Gross
  • Tax
  • NI
  • NET

Hour

  • £8.65
  • £0.53
  • £0.35
  • £7.78

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 £12,570 in the tax year 2022 - 2023 (or £1,048 per month). Which means that you'll only pay tax on £5,430 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 £5,430 (we extracted your personal allowance from your yearly wage).

Amount liable for NI

As you are earning below the yearly national insurance threshold of £12,569, you won't pay any national insurance on your earnings.

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