🇬🇧 Finance

UK Self-Assessment Tax Calculator — Free 2026

Calculate your UK Self-Assessment tax bill: income tax, Class 2 & 4 National Insurance, student loan repayments and payments on account. Updated for 2025/26 and 2026/27 with Making Tax Digital (MTD) guidance for sole traders and landlords.

After allowable business expenses
After allowable property expenses
Employment, pension, dividends, savings
Personal / SIPP contributions (net of basic-rate relief)
Income Tax
Class 2 NI
Class 4 NI
Student Loan
Total Tax Due
Effective Rate
Take-Home
Each Payment on Account

How It Works

UK Self-Assessment tax combines income tax on total profits, Class 2 NI (flat £3.45/week), Class 4 NI (6% on profits £12,570–£50,270), and student loan repayments — plus advance "payments on account" due 31 January and 31 July each year.
  1. Enter all income — self-employment profit (after expenses), rental income (after property expenses), and any other taxable income such as employment pay, pensions, or dividends.
  2. Apply the Personal Allowance — the first £12,570 of income is tax-free. The allowance tapers by £1 for every £2 above £100,000, fully withdrawing at £125,140.
  3. Calculate Income Tax — 20% basic rate up to £50,270, 40% higher rate up to £125,140, 45% additional rate above. Pension contributions extend the basic-rate band.
  4. Add Class 2 & 4 NI — self-employed only. Class 2 is £179.40/year (flat). Class 4 is 6% on profits £12,570–£50,270 and 2% above.
  5. Estimate payments on account — each payment is 50% of your total tax (excluding Class 2), due 31 January and 31 July of the following year.
Advertisement
728×90

Understanding UK Self-Assessment Tax in 2026

Self-Assessment is the system HMRC uses to collect Income Tax and National Insurance from people whose tax is not automatically deducted through PAYE. If you are self-employed, a landlord, a company director, or have complex income, you almost certainly need to file a return.

Who Must File a Self-Assessment Return?

You are required to file if you were self-employed as a sole trader with income over £1,000, earned over £100,000 in any source, had rental income over £2,500, received untaxed income such as savings interest above your Personal Savings Allowance, earned commission or tips not taxed through PAYE, or were a company director. From April 2026, Making Tax Digital (MTD) also requires digital quarterly submissions for sole traders and landlords with income over £50,000.

UK Income Tax Rates 2025/26 and 2026/27

BandTaxable IncomeTax Rate
Personal AllowanceUp to £12,5700%
Basic Rate£12,571 – £50,27020%
Higher Rate£50,271 – £125,14040%
Additional RateOver £125,14045%

The Personal Allowance tapers by £1 for every £2 earned above £100,000, creating a 60% effective marginal rate in the £100,000–£125,140 band. Making pension contributions can bring income below £100,000 and restore the full allowance.

Self-Employed National Insurance 2025/26

ClassProfitsRateAnnual Cost
Class 2Above £12,570£3.45/week£179.40
Class 4 (lower)£12,570 – £50,2706%Up to £2,262
Class 4 (upper)Above £50,2702%2% of excess

Class 2 NI, while small, counts towards your State Pension and certain benefits — so it is worth paying even if voluntary contributions are an option.

What Are Payments on Account?

Payments on account are advance tax payments HMRC requires if your Self-Assessment tax bill exceeds £1,000 and less than 80% of your tax was collected at source. Each payment is 50% of your prior year's tax liability (excluding Class 2 NI), and they are due 31 January and 31 July. A balancing payment for any remaining tax from the current year is due the following 31 January alongside the first payment on account for the next year.

If your income falls significantly compared to the prior year, you can apply to reduce payments on account — but you will be charged interest if you underpay.

Making Tax Digital (MTD) for Income Tax

From April 2026, HMRC requires sole traders and landlords with gross income over £50,000 to keep digital records and submit quarterly updates rather than a single annual return. Those earning over £30,000 must comply from April 2027. MTD does not change the tax you owe — only how and when you report it. Using MTD-compatible software means your tax position is updated throughout the year, reducing year-end surprises.

For informational purposes only. Tax rules can be complex and individual circumstances vary. Consult a qualified accountant or tax adviser before making tax planning decisions or filing your Self-Assessment return.

Sources: HMRC Self-Assessment · Making Tax Digital · HMRC NI Rates

Frequently Asked Questions

Who needs to file a UK Self-Assessment tax return?
You need to file if you are self-employed with income over £1,000, a company director, have rental income over £2,500, earned over £100,000, have income from savings or dividends above allowances, or received Child Benefit while earning over £60,000.
What are payments on account in Self-Assessment?
Payments on account are advance payments towards next year's tax bill. Each payment is 50% of your previous year's tax liability (excluding Class 2 NI). The first is due 31 January and the second 31 July. A balancing payment for any remaining tax is due the following 31 January.
How is Class 4 National Insurance calculated for self-employed?
Class 4 NI is charged at 6% on profits between £12,570 and £50,270, and 2% on profits above £50,270. Class 2 NI is a flat £3.45 per week if your profits exceed £12,570, totalling £179.40 per year.
What is Making Tax Digital for Income Tax?
Making Tax Digital (MTD) for Income Tax requires sole traders and landlords with income over £50,000 to keep digital records and submit quarterly updates to HMRC from April 2026. Those with income over £30,000 must comply from April 2027.
Can I reduce my Self-Assessment tax bill?
Yes. You can deduct allowable business expenses, claim the trading allowance (£1,000), make pension contributions (which extend your basic-rate band), use the property income allowance (£1,000 for landlords), and contribute to an ISA for tax-free savings income.

Comments

Advertisement
728×90