A one-time bonus can increase your annual income, but it also impacts your tax and National Insurance (NI) contributions. Understanding how much of your bonus you get to keep after deductions is essential for financial planning. This Bonus Impact Calculator helps you estimate the additional tax and NI on your bonus.
To use the calculator:
- Enter your annual salary – Your gross income before the bonus and deductions.
- Input your bonus amount – The one-time bonus you expect to receive.
Examples:
- Example 1: You earn an annual salary of £40,000 and receive a bonus of £5,000:
- Annual Salary (£):
40000 - Bonus Amount (£):
5000 - The calculator will show the additional tax and NI deductions on your bonus.
- Annual Salary (£):
- Example 2: You earn an annual salary of £60,000 and receive a bonus of £10,000:
- Annual Salary (£):
60000 - Bonus Amount (£):
10000 - The calculator will display the tax and NI impact on your bonus.
- Annual Salary (£):
UK Bonus Impact Calculator
Important Information
- Additional Income: The calculator assumes the bonus is treated as additional income and taxed according to the UK tax and NI rules.
- Income Bands: The calculations are based on the 2024/2025 tax year bands and thresholds.