How accurate is this UK salary calculator?

This calculator uses the official UK tax rates and thresholds for the 2024/25 tax year. Results are estimates and actual deductions may vary based on specific circumstances, employer schemes, or HMRC adjustments. Always verify with payroll or HMRC for exact figures.

What is the UK personal allowance?

The personal allowance for 2024/25 is £12,570. This is the amount you can earn before paying income tax. The allowance may be reduced if your income exceeds £100,000 and disappears entirely at £125,140.

How do workplace pension contributions affect tax?

Workplace pension contributions are typically made before tax and National Insurance, reducing your taxable income. This provides immediate tax relief at your marginal rate (20%, 40%, or 45%).

What are the different student loan plans?

Plan 1: Pre-2012 students, 9% above £22,015. Plan 2: Post-2012 students, 9% above £27,295. Plan 4: Scottish students, 9% above £27,660. Plan 5: Post-2023 students, 9% above £25,000. Postgraduate: 6% above £21,000.

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UK Salary Calculator

Calculate your UK take-home pay after income tax, National Insurance, pension contributions, and student loan deductions. Get accurate 2024/25 tax year calculations.

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2024/25 Tax Year Rates

This calculator uses the official UK tax rates and thresholds for the 2024/25 tax year. Personal allowance: £12,570. Basic rate: 20% (£12,571-£50,270). Higher rate: 40% (£50,271-£125,140). Additional rate: 45% (above £125,140).

Gross SalaryFrequencyPension Contribution (%)Student Loan Plan

Take-Home Pay

£26,422

Annual net salary

Monthly

£2,202

Weekly

£508

Total Deductions

£8,578

24.5% effective rate

32% marginal rate

On next £1 earned

Detailed Breakdown

Gross Salary£35,000

Pension Contribution-£1,750

Income Tax-£4,136

National Insurance-£2,692

Net Salary£26,422

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UK Tax Calculation Disclaimer

These calculations are estimates based on standard UK tax rates for the 2024/25 tax year. Actual deductions may vary based on specific circumstances, employer-specific schemes, benefit-in-kind, tax codes, or HMRC adjustments. This tool is for educational purposes only and should not be used for official tax planning. Always consult HMRC or a qualified tax advisor for accurate tax calculations.