UK Take Home Salary Calculator
Monthly: £4,166.67
Calculation Logic: We use the “Salary Sacrifice” method. Your Pension contribution is deducted from your Gross Salary before Income Tax, National Insurance, and Student Loans are calculated.
Income Tax (2024/25)
- Personal Allowance: £12,570 (Tax-free).
- Basic Rate (20%): On taxable income between £12,571 and £50,270.
- Higher Rate (40%): On taxable income between £50,271 and £125,140.
- Additional Rate (45%): On taxable income above £125,140.
- The Taper: If you earn over £100,000, your Personal Allowance decreases by £1 for every £2 earned, reaching £0 at £125,140.
National Insurance
- Primary Threshold: £12,570/yr (£1,048/mo). You pay 0% below this.
- Main Rate (8%): Paid on earnings between £12,570 and £50,270.
- Upper Rate (2%): Paid on all earnings above £50,270.
- Note: NI is calculated on gross pay before tax but after salary sacrifice pension.
Student Loan Thresholds
- Plan 1: £24,990 (9% repayment rate)
- Plan 2: £27,295 (9% repayment rate)
- Plan 4 (Scotland): £31,395 (9% repayment rate)
- Plan 5: £25,000 (9% repayment rate)
- Postgrad: £21,000 (6% repayment rate)
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