Work out your Nigeria pay, tax, and savings in minutes

Income Tax

Personal income tax bands.

PAYE

Pay As You Earn deduction.

Take-Home Pay

Net after PAYE and pension.

Salary After Tax

Net salary.

Gross to Net Salary

Net from gross.

Net to Gross Salary

Gross from take-home.

Chargeable Income

Taxable income after reliefs.

Tax Relief

Allowances and reliefs.

Rent Relief

Rent relief claim.

Tax Bracket

Which band you fall in.

Marginal Tax Rate

Rate on the next naira.

Effective Tax Rate

Average vs marginal.

Minimum Effective Tax

Effective rate floor.

Annual Tax Summary

Full-year tax picture.

Self-Employed Tax

Sole trader income tax.

Freelance Income Tax

Tax for freelancers.

Contractor Day Rate

Day rate to net.

Directors' Fees Tax

Tax on director fees.

13th-Month Pay

Year-end bonus pay.

Bonus Tax

Tax on a bonus.

Salary Increment Tax Impact

What a raise costs in tax.

Salary Sacrifice

Trade pay for benefits.

Pay Raise

What you keep.

Overtime Pay

Overtime earnings.

Loss of Employment Tax

Tax on severance.

Two-Income Household Tax

Combined household tax.

Hourly to Salary

Annualise a wage.

Salary to Hourly

Effective hourly rate.

Minimum Wage

National minimum wage.

Company Income Tax

CIT on profits.

Total Corporate Tax

CIT plus levies.

Corporate Tax Payable

Final tax due.

Business Profit After Tax

Net profit.

Company Capital Gains Tax

CGT on company assets.

Small Company Test

Small-company exemption.

Presumptive Tax

Turnover-based tax.

Development Levy

Tertiary/dev levy.

Limited vs Sole Trader

Structure comparison.

VAT

7.5% add or remove.

VAT-Inclusive Price

Strip VAT from a price.

VAT Registration

Turnover threshold.

Import VAT

VAT on imports.

Input VAT Recovery

Recoverable input VAT.

Withholding Tax

WHT deduction.

WHT on Contracts

Contract withholding.

WHT Penalty

Late WHT penalty.

Dividend Distribution Tax

Tax on distributions.

Royalty Tax

Tax on royalties.

Electronic Money Transfer Levy

EMTL on transfers.

Telecom Spend & Excise

Telecom excise.

Tobacco Excise

Excise on tobacco.

Vehicle Import Duty

Duty on imported vehicles.

Stamp Duty (Lease)

Duty on leases.

Stamp Duty (Mortgage)

Duty on a mortgage deed.

Stamp Duty (Share Capital)

Duty on share capital.

Stamp Duty (Share Transfer)

Duty on share transfers.

Pension Contribution

Employee + employer.

Voluntary Pension

Additional contributions.

Employer Pension Cost

Employer contribution cost.

RSA Balance Projection

Retirement savings account.

Pension Drawdown

Withdrawal in retirement.

Retirement Corpus

Target nest egg.

FIRE

Financial independence.

Coast FIRE

Coast to retirement.

Lean FIRE

Frugal target.

Mortgage

Repayment + interest.

Mortgage Affordability

How much you can borrow.

Mortgage Overpayment

Pay off sooner.

Home Loan Eligibility

Borrowing eligibility.

House Deposit Savings

Deposit goal.

NHF Contribution

National Housing Fund.

Rent vs Buy

Buy or rent + invest.

Rental Yield

Gross + net yield.

Rental Income Tax

Tax on rent received.

WHT on Rent

Withholding on rent.

Property Tax

Annual property tax.

Lagos Land Use Charge

Lagos LUC.

Stamp Duty (Property)

Duty on a purchase.

Property Capital Gains

CGT on a sale.

Compound Interest

Growth projection.

Simple Interest

Flat interest.

Investment Return

Return on investment.

Lump-Sum Investment

One-off investment growth.

Real Return

After inflation.

Fixed Deposit

Maturity value.

Treasury Bill

T-bill yield.

Mutual Fund Returns

Fund growth.

Stock Return

Equity return.

Dividend Yield

Yield on shares.

Capital Gains Tax

CGT on a disposal.

Share Disposal Tax

Tax on selling shares.

Interest Income Tax

Tax on interest.

Personal Chattels CGT

CGT on chattels.

Vehicle Disposal CGT

CGT on selling a vehicle.

Winnings Tax

Lottery and gaming tax.

Net Worth

Assets minus debts.

Budget (50/30/20)

Needs / wants / savings.

Emergency Fund

Cash buffer.

Savings Goal

Monthly to a target.

Debt Payoff

Time + interest.

Debt-to-Income

DTI ratio.

Credit Card Payoff

Clear the balance.

Loan EMI

Equated monthly instalment.

Loan Affordability

How much you can borrow.

Personal Loan

Repayments.

Car Loan

Vehicle finance.

Inflation

Real value.

Cost of Living

City to city.

Fuel Cost

Trip and monthly fuel.

Life Insurance Needs

Cover gap.

Group Life Insurance

Employer group cover.

Income Protection

If you cannot work.

Health Insurance

Long-run cost.