Calculate My Salary Blog, page 6

Latest articles and guides about UK salaries, tax, and personal finance.

Recent articles

29 May 2025 · 8 min read · calculatemysalary.co.uk Editorial Team

Venture Capital Trusts (VCT): Tax Benefits Explained

Discover the powerful tax benefits available to UK investors through Venture Capital Trusts (VCTs). This guide explains how VCTs offer income tax relief, tax-free dividends, and capital gains advantages-plus what risks to consider before investing in these high-growth opportunities.

27 May 2025 · 5 min read · calculatemysalary.co.uk Editorial Team

Is £30,000 a Good Salary in the UK? Take-Home Pay and Budget

A £30,000 salary averages £2,093.30 a month before pension and loan deductions under stated assumptions. Compare that with your own costs.

22 May 2025 · 6 min read · calculatemysalary.co.uk Editorial Team

Do You Pay Tax on Private Health Insurance from Work?

Learn how HMRC taxes employer-provided private health insurance in the UK. This article explains what counts as a benefit-in-kind, how tax is calculated, and what UK employees need to know to stay compliant and minimise their tax bill on workplace health benefits.

20 May 2025 · 7 min read · calculatemysalary.co.uk Editorial Team

Top 10 UK Tax Reliefs You Might Be Missing in 2025

Discover the top 10 UK tax reliefs you might be missing in 2025 and learn how to maximise your savings and reduce your tax bill effectively.

13 May 2025 · 4 min read · calculatemysalary.co.uk Editorial Team

Gross vs Net Salary: What Is the Difference?

Gross pay is before deductions. Net pay is what you receive. See a £30,000 example with clearly stated pension assumptions.

8 May 2025 · 7 min read · calculatemysalary.co.uk Editorial Team

Junior ISAs Explained: What They Are, How They Work, and Whether to Bother

Junior ISAs let you save up to £9,000 a year tax-free for your child. The money is locked until they turn 18. Here is how both types work.

6 May 2025 · 7 min read · calculatemysalary.co.uk Editorial Team

How to Report Side Hustle Income to HMRC

Earning extra money on the side? If it is over £1,000 a year, you probably need to tell HMRC. Here is how self-assessment works for side income.

1 May 2025 · 4 min read · calculatemysalary.co.uk Editorial Team

How Much Tax Do You Pay on a UK Salary in 2026/27?

See how Income Tax and National Insurance are calculated on £40,000, and distinguish tax from pensions and other deductions.

29 April 2025 · 5 min read · calculatemysalary.co.uk Editorial Team

Salary Sacrifice Pensions: A Like-for-Like Tax and NI Comparison

Compare the same £2,400 pension contribution through salary sacrifice, net pay and relief at source, using 2026/27 assumptions.