How To Calculate Tax In UK? Tax System Explained In English🤔 How Much Salary Will Remain In Hand? 🇬🇧

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Important Links:
UK government tax calculator - www.tax.service.gov.uk/estima...
UK tax slabs - www.gov.uk/income-tax-rates
Third-party calculator - www.uktaxcalculators.co.uk/
National insurance slabs - www.gov.uk/national-insurance...
Chapters:
00:00 Introduction
00:18 Income tax slabs in the UK
02:00 How to calculate income tax in the UK
03:35 Tax on different income slabs
04:53 Other information
Hi everyone! This is Ritwik Arya. I've completed my MSc in Marketing at the University of Edinburgh and am now working as a full-time digital marketer in the UK. I’m sharing my entire journey on this channel. Subscribe to my channel and press the bell icon to get notified about my latest uploads!
FILL OUT THIS FORM TO FIND ACCOMMODATION IN THE UK - amberstudent.com/places/leads...
Find me on:
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LinkedIn - / ritwik-arya
Website - www.ritwikarya.com/
Topics I will cover on this channel:
UK university admission process
IELTS tips
UK student visa
Student life in UK
Accommodation in UK
Jobs in UK
Student living expense

Опубликовано:

1 июн 2024

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Комментарии : 25

@abhaypuri298 Год назад

Hello Ritwik, Keep uploading such helpful videos ! I also wanted to know, can international students get PSW if they apply for a part time course in a university in the UK? please let me know , I am not clear about this.

@aadilblackhawk Год назад

Thank you Ritwik for this video.If possible, please create a video on how to file taxes in UK like the way we file ITR in India.

@hardevrajkashyap7592 Год назад

Thanks dearest for sharing this useful information.

@Dream_UK Год назад

Thank you Nana Ji 🙏

@somyabisaria3274 29 дней назад

Hi , I am an international student in UK. I was creating my HMRC account using my details. While confirming the identity it is giving me 3 options - UK Passport, UK DL, credit reference quotation. But I don't have either, if i tick on " I don't have these 2 options" then it is saying, we can't identify your identity. I want to inform HMRC about my last employer that i have left and have received P45. I am having immense amount of deduction from pay 😞

@anugauravanu Год назад

Hey Ritwik, Thanks for this wonderful video. Now me & Manya are pretty clear what her take home will be ;-)

@Dream_UK Год назад

Glad to hear that!

@500BHP Год назад

Take home will be affected after few weeks as employor will enroll an employee on a suitable pension scheme where employee will contribute some amount towards their pension and employer too contributes some amount but this will be deducted on top of NI AND PAYE.

@anudas2037 Год назад

How much time does the university take to issue a deposit confirmation receipt as my counselor hasn't provided me the receipt yet and i made a payment to them on 13th feb... Kindly help

@asikrayhananik945 Год назад

I Am an international student, May 2022 to March 31 my yearly income was 12200.So From next month am I eligible to pay tax?

@meryasial7867 Год назад

hi sir I got 6 in 3 ielts modules but in reading I got just 5 now I want to search pre master admission. is it possible?? and in which university you will suggest to me please guide me I am very depressed about it ??

@musicindustry6105 9 месяцев назад

Is this annual tax or monthly???

@SanketSavani Год назад

Nice video. But if you can add tax codes it would be better for those who have different tax codes and how to change them to basic tax code.

@Dream_UK Год назад

Thanks Sanket! I haven't experienced that so far so did not talk about it in the video. But I'll try to cover this bit moving forward

@shawonthecooltraveller4230 Год назад

Hi bro. Sorry for comment here. As you deleted your extra PSW application in that Video. Is it any problem? Or that's ok to delete extra one? Please let me know

@Dream_UK Год назад

No it's not a problem

@shawonthecooltraveller4230 Год назад

@@Dream_UK thank you

@adityaladia2777 Год назад

What is income calculated period. Is it a calendar period or Financial period

@500BHP Год назад

Income is calculated on the basis of financial year. How much tax free allowance you have depends on your tax code. Tax code 1257L means tax free income of £12570. L is replaced by 0

@chintanvyas12395 Год назад

Just wanted to ask one thing bro much appreciated if answered. I am student and isn't getting 20h from single employer so can I complete 20h working at 2 different employers using NI number ?

@500BHP Год назад

This should not be a problem but make sure you are on the right tax code. Otherwise you will end up paying more tax /NI. HMRC may put you on BR tax code for one job and 1257L for the other one. As long as your combined earning from 2 jobs is under £12570 then you should not be paying any tax.