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Salary Calculator: Work out your 2016 take-home pay after tax

Salary Calculator: Work out your 2016 take-home pay after tax

  • Calculate your estimated take-home pay after Income Tax, National Insurance (and student loan deductions, if those apply to you).
  • See how your new Income Tax personal allowance of £11,000 for the 2016–2017 tax year will affect your annual, daily, weekly and monthly take-home pay. Will your salary after tax rise or fall?
  • The calculator also shows you a breakdown of how your tax is spent by different government departments, according to recent figures.

You can also find out how to get tax relief (in other words, some of your tax money back) when you pay into a pension scheme.

Enter your gross annual salary to get started…

This salary and take-home pay calculator is for general illustrative purposes only. Results may not be accurate in every individual case. For advice tailored to your circumstances, speak to a financial adviser.

Notes on this salary calculator

The three main factors affecting your take-home pay, in other words your net income after tax, are as follows.

  1. The rate of Income Tax you pay – this is determined by the Personal Allowance (generally £11,000 but can be different in some individual circumstances, and reduces by £1 for every £2 you earn over £100,000), and how much you earn above that, i.e. whether it crosses one of the thresholds into the higher rate (40%) or additional rate (45%) tax bands. Read more on Income Tax
  2. Whether you pay National Insurance – if you're receiving the State Pension, you don't have to make further NI contributions. These can account for up to an 11% deduction from your salary within a certain range.
  3. Whether your employer deducts Student Loan repayments from your salary.

You will also find your take-home pay to be different if you are making workplace pension contributions, which are taken from your salary before you pay Income Tax – so they have tax relief built in at source.

For more calculators to help keep your financial life on track, try the personal finance planning tool Moneyhub. It can automatically sync your transactions from multiple bank accounts so that you know when you've been paid, how your spending breaks down across all accounts you control, and whether you're on track for your money goals.

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