UK Take Home Pay Calculator
Calculate your net salary after Income Tax and National Insurance deductions with current 2024/25 rates
Calculate Your Take-Home Pay
Your annual salary before any deductions
Used for age-related tax calculations
Workplace pension contributions (reduces taxable income)
Select your student loan plan for automatic repayment calculations
Take-Home Pay Calculation
Tax Planning Tips
Example Take-Home Pay Calculation
Higher Rate Taxpayer Example (2024/25)
Annual Salary: £60,000
Personal Allowance: £12,570
Pension (5%): £3,000
Taxable Income: £44,430 (£60,000 - £12,570 - £3,000)
Tax Calculation
Basic Rate Tax (20%): £37,700 × 20% = £7,540
Higher Rate Tax (40%): £6,730 × 40% = £2,692
Total Income Tax: £10,232
National Insurance: (£60,000 - £12,570) × 8% = £3,794
Take-Home Pay: £42,974 per year (£3,581/month)
UK Tax Rates 2024-25
Income Tax
National Insurance
Student Loan Thresholds
Quick Reference
Income tax is charged on earnings above your personal allowance
National Insurance is charged on earnings above £12,570
Pension contributions reduce your taxable income
Student loan repayments are based on income above threshold
This calculator provides estimates only - consult HMRC for official figures
Understanding UK Take-Home Pay
What is Take-Home Pay?
Take-home pay (net salary) is the amount you receive after all deductions have been made from your gross salary. This includes Income Tax, National Insurance, pension contributions, and student loan repayments.
Main Deductions
- •Income Tax: 20%, 40%, or 45% depending on earnings
- •National Insurance: 8% (main rate) + 2% (additional rate)
- •Pension: Typically 3-12% of salary (tax-deductible)
- •Student Loan: 6-9% of income above threshold
How Calculations Work
1. Calculate Taxable Income:
Gross Salary - Pension - Personal Allowance
2. Calculate Income Tax:
Apply progressive tax rates to taxable income
3. Calculate National Insurance:
Apply NI rates to gross salary (before pension)
4. Calculate Take-Home:
Gross - Tax - NI - Pension - Student Loan
Tax Planning Tips
- • Maximize pension contributions for tax relief
- • Consider salary sacrifice schemes
- • Use ISA allowances for tax-free savings
- • Plan around personal allowance tapering