Ask an UK Tax Question, Get an Answer ASAP!
Thanks for your question
For this tax year the first £7475 will be tax free leaving £72,525 liable to tax. The first £35,000 will be liable to 20% tax = £7000 with the remaining £37,525 at 40% = £15,010
Total tax of £22,010 plus Class 1 national Insurance of £4981 - so you will take home £53,009 a year