How to calculate Income Tax and National Insurance - Finance for Core Maths - Level 3

A comprehensive introduction to Income Tax and National Insurance. Aimed at those taking the level 3 Core Maths qualification but useful to others too. Examples are given throughout. Check out https://www.coremaths.co.uk/ for more resources Timestamps: 00:00 Welcome 00:28 Intro 01:28 What is Income Tax? 01:38 Personal allowance 02:49 Tax brackets 04:09 Simple examples for Income Tax 07:20 A harder example for Income Tax 09:43 What is National Insurance? 10:43 Table of rates 12:42 Simple examples for National Insurance 16:07 A harder example for National Insurance 17:26 Combined Tax and NI 24:17 Outro