UK Salary & Take-Home Pay Calculator

Updated for tax year 2026/27 Last reviewed 10 August 2026 Salary & Tax HMRC income tax rates & allowances

Enter your annual salary to see exactly where your money goes: Income Tax, National Insurance, pension contributions, student loan repayments and the take-home pay that actually lands in your bank account.

Results update instantly as you type and are based on the official HMRC rates and allowances for the tax year you select.

Your details

e.g. savings, rental or self-employment income
Employee contribution as a % of gross salary
If yes, pension is deducted before tax and NI
Found on your payslip, e.g. 1257L, K497, BR

Results

Estimated take-home pay (annual)
£30,319.60
Tax year 2026/27
Monthly take-home pay
£2,526.63
Weekly take-home pay
£583.07
Daily equivalent
£116.61
Based on 260 working days
Gross salary
£40,000.00
Income Tax
£5,486.00
National Insurance
£2,194.40
Pension contribution
£2,000.00
Student loan repayment
£0.00
Other income
£0.00

Income Tax breakdown

Tax-free (Personal Allowance)£12,570.00
Basic rate (20%)£5,486.00
Higher rate (40%)£0.00
Additional rate (45%)£0.00
Total Income Tax£5,486.00

National Insurance breakdown

Main rate (8%)£2,194.40
Above Upper Earnings Limit (2%)£0.00
Total National Insurance£2,194.40

Where your £40,000 goes

How the calculation works

We believe numbers should be transparent. Here is the formula behind this calculator.

Take-home pay = Gross salary + other income − Income Tax − National Insurance − pension − student loan repayments

Worked example

Worked example: a £40,000 salary in 2026/27

Salary: £40,000 a year, no other income. Pension: 5% (£2,000). Plan 2 student loan. Tax code 1257L.
Income Tax: Personal Allowance £12,570 means £27,430 is taxable, all at 20% → £5,486.
National Insurance: 8% on earnings between £12,570 and £50,270 → £2,194.40.
Student loan: 9% of earnings over £29,385 → £955.35.
Take-home pay = £40,000 − £2,000 − £5,486 − £2,194.40 − £955.35 = £29,364.25 a year, about £2,447 a month.

Examples at common levels

See how the numbers change at typical input levels, using the updated for tax year 2026/27 rates.

Scenario Estimated take-home pay (annual)Monthly take-home payWeekly take-home payDaily equivalentGross salaryIncome TaxNational InsurancePension contributionStudent loan repaymentOther income
£25,000 salary
Basic rate only
£20,269.60£1,689.13£389.80£77.96£25,000.00£2,486.00£994.40£1,250.00£0.00£0.00
£30,000 salary
Basic rate only
£23,619.60£1,968.30£454.22£90.84£30,000.00£3,486.00£1,394.40£1,500.00£0.00£0.00
£40,000 salary
Basic rate only
£30,319.60£2,526.63£583.07£116.61£40,000.00£5,486.00£2,194.40£2,000.00£0.00£0.00
£60,000 salary
Top slice at 40%; NI drops to 2% above £50,270
£42,357.40£3,529.78£814.57£162.91£60,000.00£11,432.00£3,210.60£3,000.00£0.00£0.00
£100,000 salary
Personal Allowance taper begins above £100,000
£63,557.40£5,296.45£1,222.26£244.45£100,000.00£27,432.00£4,010.60£5,000.00£0.00£0.00

Important assumptions

  • Uses England, Wales and Northern Ireland income tax rates. Scottish rates differ.
  • The Personal Allowance taper is applied for income over £100,000.
  • Pension contributions use relief at source unless "salary sacrifice" is selected.
  • Student loan repayments are 9% of income over your plan threshold (6% for postgraduate).
  • Results are estimates — always verify important figures with HMRC or a qualified accountant.

Rates & official sources

Every calculation is based on the official rates and rules published by GOV.UK and HMRC.

Frequently asked questions

Is this calculator accurate?

It uses the official HMRC rates and allowances for the selected tax year, but real PAYE depends on your exact tax code, benefits in kind, bonus timing and pension arrangement. Treat the result as a very good estimate, not a payslip.

Which student loan plan am I on?

Plan 1 covers courses started before September 2012, Plan 2 between 2012 and 2023, Plan 4 applies to Scottish borrowers and Plan 5 to courses after August 2023. Postgraduate loans are repaid separately at 6%.

Why is my take-home different to my current payslip?

Payslips may reflect a different tax code, employer pension scheme, benefits in kind or previous earnings in the year. Check your tax code first — it is the most common reason for a difference.

Does this include Scottish income tax?

No. Scottish taxpayers have their own income tax rates and bands. If you live in Scotland, use the official Scottish calculator or check GOV.UK.

Can I reduce my tax by paying more into my pension?

Yes. Pension contributions reduce your taxable income, which can lower your Income Tax bill and, with salary sacrifice, your National Insurance too. Try raising the pension percentage in the calculator to see the effect on take-home pay.

Related calculators

Related guides

New to the topic? Read a plain-English guide on salary & tax, with worked examples and tips.

These calculations are estimates for guidance only and are not professional financial, tax or legal advice. UK rates and rules change, so always verify important figures with official GOV.UK / HMRC information or speak to a qualified professional. See our full disclaimer.