1. What is the Hourly Pay Calculator?

This calculator helps you estimate your net pay (take-home pay) based on your hourly rate, hours worked, and UK tax code for the 2022-2023 tax year. It accounts for income tax and National Insurance contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Hourly Rate — Your pay per hour before deductions
• Hours Worked — Total hours worked in the pay period
• UK Taxes — Income tax and National Insurance based on your tax code

Explanation: The calculator first calculates gross pay, then deducts income tax and National Insurance based on UK 2022-2023 rates and thresholds.

3. Understanding UK Tax Codes

Details: The most common tax codes for 2022-2023 are:

• 1257L - Standard tax code with £12,570 personal allowance
• BR - Basic rate tax (20%) with no personal allowance
• D0 - Higher rate tax (40%) with no personal allowance
• D1 - Additional rate tax (45%) with no personal allowance

4. Using the Calculator

Tips: Enter your hourly rate in £/h, hours worked, and select your tax code. The calculator will estimate your take-home pay after tax and National Insurance deductions.

5. Frequently Asked Questions (FAQ)

Q1: Is this calculator accurate for all situations?
A: This provides an estimate. Actual pay may vary based on pension contributions, student loans, or other deductions.

Q2: What are the tax thresholds for 2022-2023?
A: Personal allowance £12,570 (0% tax), basic rate £12,571-£50,270 (20%), higher rate £50,271-£150,000 (40%), additional rate over £150,000 (45%).

Q3: How is National Insurance calculated?
A: For employees: 12% on earnings between £242-£967 per week, 2% on earnings above £967 per week.

Q4: What if I have multiple jobs?
A: You'll need to calculate each job separately, as tax codes may differ between jobs.

Q5: Does this include student loan repayments?
A: No, this calculator doesn't include student loan repayments which would further reduce your net pay.