UK Election 2017

How will it affect the amount you're taxed? Use our calculator to find out! tweet this

What is your gross income?

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Enter your gross income to see how the different parties intend to tax you if voted in.

How do the major political parties want to tax you?

By looking at the headline taxation figures in each party's manifesto we have created a quick and simple comparison calculator.

Below are the major policies outlined by each party in their 2017 Election Manifesto. Anything not mentioned here will retain the current taxation policies in effect for 2017/2018, which you can view here

  • CONSERVATIVES

    Manifesto released but does not detail any tax changes - aside from allowance and threshold increases in 2020.

    Personal allowance to be £12,500 in 2020 and Higher rate threshold for gross income hits £50,000 at the same time.

  • LABOUR

    New 45 percent tax band introduced for those earning over £80,000

    50 percent tax for those earning over £123,000 gross per year

    Assuming tapering of personal allowances after £100k will remain

    Assuming figures disclosed by Labour are for income after allowances

  • LIBERAL DEMOCRATS

    All tax band rates to be increased by one percent

    Basic Rate 21 percent

    Higher Rate 41 percent

    Top Rate 46 percent

    Dividend tax band rates to also be increased by 1%

    Ordinary rate 8.5%, Upper rate 33.5%, Top rate 39.1%

    Increase primary threshold for Class 1 National Insurance to same level as personal allowance (Currently £11,500)

  • UKIP

    £13,500 tax free personal allowance

    Tapering of the personal allowance for those earning over £100,000 removed

    Basic rate band at 20 percent

    Higher rate of tax at 40 percent effective on gross incomes over £55,000

    45 percent tax band retained

  • GREEN

    2017 manifesto short on details but policies in line with 2015 manifesto

    Citizen's income provided instead of a tax free personal allowance

    Amount paid possibly equivalent to current personal allowance at 20 percent, set here at £2,120

    National Insurance Contributions changed so all income over primary threshold charged at 12 percent

    Top rate of tax increased to 60 percent

  • SNP

    No increases on tax aside from raising the 45 percent tax band for people earning over £150,000 gross per year to 50 percent.

Disclaimer

The 2012 - 2017 Budget proposals and other tax changes are summarised here and available at the UKTaxCalculators.co.uk blog.

The proposals could change before coming into force. The calculator and any associated information are intended to provide a loose overview and therefore include assumptions and estimates. It should not be used as a foundation for checking liability to tax or when deciding investment strategies.

Although we have tried very hard to provide accurate and current figures, there is no guarantee that this information is accurate as of the date it is received or that it will continue to be accurate. You should not act upon such information without first taking professional advice and going through your circumstances in detail.

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