How To Calculate UK Income Tax - Made Easy With Worked Example! (step by step)

[@paulsharma4807]

Nice as an international student this is very helpful 👍🏼

[@fatimaalbraiki3065]

I can't thank you enough! simple yet precise!

[@adamwilliams5372]

I'd just learnt this before watching this video but this gave the perfect visual for me to realise I actually understand it so I'm grateful thank you for sharing this

[@WoWoW-1]

for the last question why are you adding the 35% if he earned less than 40000

[@rosygolfer52]

On your example of income of 62000 can you show how capital gains tax of 15000 is worked outt

[@libbyfodor6297]

Great explanation. O gosh, you've made my brain working again. I am trying to learn a CEMAP book for test and the way they put taxation made by brain boiled. The UK taxation system is complicated enough. Thanks a million 👌🙏

[@habz.iiiiiii]

Great explanation. Thanks a lot!!

[@P3RFECTIONIST96]

Great video! Really well explained

[@portaltaker]

“If your blind put it here” that made me laugh. That aside thank you! This really helped me before my exam ❤️

[@stephenogola2155]

Can you prepare a statement of income tax taxable income

[@chunkzz]

Thank you this is really useful!

[@adamkhan8422]

So well explained thank you!

[@vasilicalcanteras6247]

What about Capital Gains Tax. How do you handle that as well as the rest of the income options you presented?

[@DawoodKhan-ju5mj]

Good job sir very helpfull

[@dalskiBo]

Nicely explained, thank you.

[@evelynfrempong5578]

I can't thank you enough Very helpful and precise

[@martaisate580]

Absolutely amazing, thank you very much for explanation!!!

[@jackflash8756]

One thing you didn't mention was the 'savings starting rate' £5k at 0%.

[@deeso7658]

@11:03 - Dividend Income 3000 (refer to @GBP2000 @0 % Tax) If Dividend income GBP3000, Balance 1000 should pay Tax (Is it paid 7.5% Tax of Dividend Tax for remaining GBP1000?）

[@divvy1400yam600]

For a very OAP , this can be awkward and not easy to hold in my ancient mind. I also found the questions on the HMRC request can be ambiguous. Doing it myself I ended up owing £6000. Seeing if I could reduce the amount I got in a hell of a mess. An advisor took pity on me and on 27th June 2024 I ended up having to pay £8000 I had misunderstood the question re private pension amounts.

[@davidthomas6043]

quite interesting, BUT why no mention of Interest allowances. Some interest is tax-free.

[@farnufinance8542]

This was just a brief example. I have mentioned the interest allowances in my previous video to this one with other theory also. Please see: kzbin.info/www/bejne/eqqVoZyHfa9jntE thanks for you comment! :)

[@4tree]

amazing! doing good work

[@farnufinance8542]

Thank you very much! Hope it helps :)

[@Thehellzbellz1]

Would someone be able to comment the updated allowances/tax band figures for 2024? I keep getting confused as to which ones have changed🙏

[@AnishKumar-bt5dk]

Good one ❤️

[@DHILLONJ8]

Thank you so much

[@macherie300]

All I can see is your arm!