Updated for the current tax year (6 April 2024 to 5 April 2025)
How To Use The Salary Calculator
- Enter your salary and specify whether it is an annual or monthly figure.
- Choose your tax region. This step is optional. If you do not select a region, England will be set as the default.
- Enter your tax code if you know it. If you are unsure or do not know your tax code, leave this field blank and the default tax code '1257L' will be applied.
- Click the 'Calculate' button once you're done, and you'll see your net salary, the taxable amount, the Tax and National Insurance you'll pay, all displayed on an annual, monthly, weekly, and daily basis.
Note: If the tax code entered does not match the selected tax region, the calculator will notify you of the error.
Please be aware that tax codes 'K', 'M', and 'N' are not yet implemented in this calculator.
All rates are from the HMRC website and are for the tax year from 6 April 2024 to 5 April 2025.
Tax Rates
England and Wales
| Band | Taxable income | Tax rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £125,140 | 40% |
| Additional rate | over £125,140 | 45% |
Scotland
| Band | Taxable income | Tax rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Starter rate | £12,571 to £14,732 | 19% |
| Basic rate | £14,733 to £25,688 | 20% |
| Intermediate rate | £25,689 to £43,662 | 21% |
| Higher rate | £43,663 to £125,140 | 42% |
| Top rate | over £125,140 | 47% |
National Insurance
If you are employed, you will pay Class 1 National Insurance contributions. The rates below are the most common for most employees:
- For salaries ranging from £242 to £967 per week (£1,048 to £4,189 per month), the Class 1 rate is 8%.
- For salaries exceeding £967 per week (more than £4,189 per month), the Class 1 rate is 2%.
Income Over £100,000
If your annual salary exceeds £100,000 your PA (Personal Allowance) goes down by £1 for every £2 you earn above this threshold.
For instance, with a salary of £110,000 your PA would be £7570 (£12,570 - (£10,000 / 2)).
If your salary is £125,140 or higher, your PA reduces to £0.
Popular Salary Calculations:
Disclaimer: Although the calculations are quite accurate, please use the provided information for illustrative purposes only. Do not make any major financial decisions without consulting a qualified specialist.