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.
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 2015 Election Manifesto. Anything not mentioned here will retain the current taxation policies in effect for 2015/2016, which you can view here
£12,500 tax free personal allowance
Higher rate threshold begins at £50,000 of gross income
10 percent starting tax band for all income returns - set at the current £5,000 level here
50 percent tax for those earning over £150,000 gross per year
£12,500 tax free personal allowance
£13,500 tax free personal allowance
Basic rate band at 20 percent
Middle rate band at 30 percent, effective between £45,300 - £55,000 of gross income
Higher rate of tax at 40 percent effective gross incomes over £55,000
50 percent tax band removed
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
50 percent tax for those earning over £150,000 gross per year