Salary Calculator

Discover your take-home pay with our UK Salary Calculator for the 2024/2025 tax year.

How to Use the Salary Calculator

  1. Enter Your Gross Salary: In the provided field, input your total gross salary before any deductions are made.
  2. Select Salary Period: Use the dropdown to choose whether your salary is paid annually, monthly, or weekly. This helps in calculating your deductions accurately.
  3. Calculate: Press the 'Calculate Tax' button to see a breakdown of your income tax, National Insurance contributions, and your estimated take-home pay.
  4. Reset, If Needed: You can use the 'Reset' button to clear all inputs and results, allowing you to start a new calculation.

Understanding Your Taxes for 2024/2025

The tax you owe each year depends on your income exceeding your Personal Allowance and which tax band your income falls into. Not all income is taxed; some enjoy tax-free status.

The tax year runs from 6 April 2024 to 5 April 2025.

Your Personal Allowance

Everyone has a £12,570 Personal Allowance, meaning this amount of your income isn't taxed. This allowance can increase with Marriage Allowance or Blind Person’s Allowance, but decreases if your income exceeds £100,000.

Income Tax Rates and Bands

If your allowance is the standard £12,570, here's how your income is taxed:

  • Personal Allowance: Up to £12,570 - 0% tax
  • Basic rate: £12,571 to £50,270 - 20%
  • Higher rate: £50,271 to £125,140 - 40%
  • Additional rate: Over £125,140 - 45%

Note: Tax bands vary if you reside in Scotland.

Note: This tool provides an estimate based on current tax rates and allowances. For precise financial advice, consider consulting a professional.