Take-home
£3,293/mo
You keep 72p per extra £1
Standard allowance — used by most employees
Understanding your payslip
Income Tax — charged on earnings above your personal allowance (£12,570/yr), at rates from 20% to 45%.
National Insurance — a separate payroll tax: 8% on earnings between £12,570 and £50,270, then 2% above that.
What if I get a raise? →
See how a pay rise changes your take-home after tax
Take-home pay
£3,293/mo
£39,520/yr
Your next £1 earned
You keep 72p
Marginal rate: 28%
| Annual | Monthly | |
|---|---|---|
| Gross salary | £50,000 | £4,167 |
| Personal allowance | £12,570 | £1,048 |
| Taxable income | £37,430 | £3,119 |
| Income tax | −£7,486 | −£624 |
| Basic rate (20%) | −£7,486 | −£624 |
| National Insurance | −£2,994 | −£250 |
| Main rate (8%) | −£2,994 | −£250 |
| Take-home | £39,520 | £3,293 |
Effective tax rate
21%
Daily take-home
£108
4-weekly
£3,040
2-weekly
£1,520
Employer NI
Your employer pays this on top of your salary — not deducted from your pay
£6,750/yr
Total employer cost
£56,750/yr
Marginal tax rate by salary