Take Home Salary Calculator
Yearly | Monthly | Weekly | Daily* | |
---|---|---|---|---|
Gross Income | £0.00 | £0.00 | £0.00 | £0.00 |
Taxable Income | £0.00 | £0.00 | £0.00 | £0.00 |
Tax | £0.00 | £0.00 | £0.00 | £0.00 |
National Insurance | £0.00 | £0.00 | £0.00 | £0.00 |
Student Loan | £0.00 | £0.00 | £0.00 | £0.00 |
Take Home | £0.00 | £0.00 | £0.00 | £0.00 |
4 Weekly Pay | £0.00 | £0.00 | £0.00 | £0.00 |
*Daily values based on a 5-day working week
How to use the take-home calculator
Simply enter your annual gross salary in the “Annual Gross: £” field then press “enter” on your keyboard or click on the “calculate” button on the calculator.
If you graduated from university before September 2012, and are currently re-paying your student loan then tick the “Student Loan-pre-Sep 2012” box. You’d pay 9% of your salary above £17,495 per annum towards your student loan.
If you graduated after September 2012, then tick the “Student Loan-post-Sep 2012” box. You’d pay 9% of your salary above £21,000 per annum towards your student loan.
If you’re checking what a salary should be on behalf of a blind person, then tick the “Blind” box.
Advanced options (click the “Show/Hide advanced options for these):
If you pay into a pension, you can enter the monthly percentage amount of your salary that you pay into the “Pension Contributions:” field.
If you do overtime fill in either the “Monthly overtime (1.5x)” field or the “Monthly overtime (2x)” field. The 1.5x field works out your hourly rate when it’s multiplied by one and a half times. The 2x field doubles the hourly rate, as some people get paid double the rate when working overtime.
If you know your tax code, you can enter it in the “Any Tax Code” field to get a more accurate view of your net salary.
If you receive Childcare vouchers, then enter the monthly value of the vouchers you receive in the “Child Care Vouchers:(Monthly)” field.
The calculations are all based on data for the 2016/2017 tax year (income tax, national insurance and student loan information) which began in April 2016.
If you wish to see figures from previous tax years, simply click on the drop-down menu next to the word “Year” at the top of the calculator.
A more detailed explanation of how the tax rules work can be found here: https://workingwithnumbers.com/how-they-work/