Pension Tax Calculator UK
Add your State Pension, private or workplace pension and any other taxable income. The calculator applies the 2026/27 Personal Allowance and the correct Income Tax bands for the rest of the UK or Scotland.
Annual amount paid before tax.
Annuity, defined benefit or taxable drawdown income.
Work, property or taxable benefits. Exclude ISA withdrawals.
Total Income Tax
£2,395.60
Tax attributable to pensions
£2,395.60
Pension income is stacked on top of your other income, so this is the marginal tax the pension adds.
Net annual income
£22,152.40
Net monthly income
£1,846.03
- Gross income
- £24,548
- Personal Allowance
- £12,570
- Taxable income
- £11,978
| Band | Income | Tax |
|---|---|---|
| Basic (20%) | £11,978 | £2,395.60 |
Pension income does not attract employee National Insurance. Savings interest and dividends use separate allowance and rate rules.
What counts as pension income?
- State Pension: taxable but normally paid gross by DWP.
- Defined benefit pension: taxable through PAYE.
- Annuity income: taxable through PAYE.
- Taxable drawdown: included after any tax-free pension cash.
What belongs elsewhere?
Savings interest has its own starting-rate band and Personal Savings Allowance. Dividends also use separate rates. Model those with the savings-interest tax calculator. For a one-off pension payment, use the pension lump sum tax calculator.
Frequently asked questions
Is the State Pension taxable?
How is tax collected from my State Pension?
Do pensioners pay National Insurance?
Does this include tax on pension lump sums?
Official sources
Related Calculators
Pension Lump Sum Tax Calculator
Tax on UFPLS and pension commencement lump sums after the tax-free portion and Lump Sum Allowance.
Tax on Savings Interest
How much savings interest is tax-free via the Personal Allowance, starting rate for savings and Personal Savings Allowance.
State Pension Calculator
Project your UK State Pension based on NI qualifying years and the new flat-rate amount.
Learn More
Pensioner Savings Interest Tax: HMRC Rules
Why more pensioners pay tax on savings interest, how State Pension uses the Personal Allowance, and how HMRC collects any tax due.
State Pension and Tax: Is Your State Pension Taxable?
How the UK State Pension is taxed, why you might owe tax on it, and how HMRC collects the tax through your tax code or Self Assessment.
Pension Drawdown Tax: How to Minimise Tax on Withdrawals (2025-26)
25% of your pension is tax-free, but the rest is taxed as income. Learn drawdown vs UFPLS, avoid emergency tax traps, and strategies to keep more of your pension.