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How will you be Paying for It?

September 13th, 2012

See how much tax you may end up paying and what it will get spent on.

You can earn up to £10,600 before paying any Income Tax. Then it’s 20% on £10,600 to £31,786, 40% on £31,786- £150,000 and 50% on £150,000+.

Please note that the Tax Slider below is correct as of 2012.

Salary 22000

Tax 2200

0%
20%
40%
50%

How your tax is spent

£
£
£
£
£
£
paying-for-it

Welfare

Welfare provides help to people in need or at risk of hardship including benefits for the unemployed and pensions for those who have retired

paying-for-it

Health

Health pays for the running of hospitals and doctors' surgeries as well as medical research, drugs and public health campaigns.

paying-for-it

Education

Education spending goes on the running schools, paying teachers’ salaries and providing further education and training for 16-19 year olds.

paying-for-it

Employment

Employment supports UK businesses with investment, the promotion of UK goods abroad and the attracting foreign investment into the country.

paying-for-it

Public protection

Public protection covers the prevention, detection and reduction of crime and includes the police service, courts and prisons.

paying-for-it

Environment

Environment funds environmental protection and sustainable development and support for farming and fisheries.

*Guardian comparison table
You can find out what the average salaries for various professions are using The Guardian’s useful comparison table.

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