sm.salary

Current situation

Income & tax

Gross annual salary (£)

Personal allowance (£)

Student loan

Second student loan

Current pension

Arrangement

Your contribution

Employer contribution

Calculate on qualifying earnings

QE lower threshold (£/year) QE upper threshold (£/year)

EV / Cycle to Work

Currently on an EV salary sacrifice scheme

Currently on Cycle to Work

Dividends

Director/shareholder — I can take dividends Tick if you own or direct the company and can choose to pay yourself dividends.

Proposed changes

Pension via salary sacrifice

Your contribution

Employer contribution

Employer passes NI saving to pension

Annual allowance (£)

EV / Cycle to Work

EV salary sacrifice scheme

Cycle to Work

Tax & NI settings (2025/26 defaults)

Income tax

PA taper starts (£)

Basic rate (%)

Basic rate limit (£)

Higher rate (%)

Higher rate limit (£)

Additional rate (%)

Employee NI

Primary threshold (£/year)

Upper earnings limit (£/year)

Main rate (%)

Upper rate (%)

Employer NI

Secondary threshold (£/year)

Rate (%)

Employment Allowance Not available if sole employee is also a director.

Employment Allowance amount (£)

Corporation tax

Small profits rate (%)

Small profits limit (£)

Main rate (%)

Main rate limit (£)

Marginal relief fraction 3/200 = 0.015 for 2025/26

Dividends

Dividend allowance (£)

Basic rate (%)

Higher rate (%)

Additional rate (%)

Other

NMW annual equivalent (£) 21+ at 40hrs/week × 52 weeks