1. What is the UK Salary Calculator?

The UK Salary Calculator estimates your take-home pay (net salary) after deductions for Income Tax, National Insurance, Student Loan repayments, and Pension Contributions for the 2023-24 tax year.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your annual salary before deductions
• Income Tax — Calculated using 2023-24 UK tax bands
• National Insurance — Calculated using 2023-24 NI rates
• Student Loan — Based on your repayment plan (if applicable)
• Pension Contributions — Percentage of your salary you contribute

3. Understanding UK Tax Bands (2023-24)

Income Tax:

• Personal Allowance: £0 - £12,570 (0%)
• Basic Rate: £12,571 - £50,270 (20%)
• Higher Rate: £50,271 - £125,140 (40%)
• Additional Rate: Above £125,140 (45%)

National Insurance:

• Primary Threshold: £12,576 - £50,270 (12%)
• Above £50,270 (2%)

4. Using the Calculator

Tips: Enter your gross annual salary, select your student loan plan (if applicable), and enter your pension contribution percentage. The calculator will show your estimated take-home pay after all deductions.

5. Frequently Asked Questions (FAQ)

Q1: Are the tax rates accurate for Scotland?
A: No, Scotland has different tax bands. This calculator uses rates for England, Wales, and Northern Ireland.

Q2: What about other deductions like childcare vouchers?
A: This calculator covers only the main deductions. Additional voluntary deductions would need to be subtracted separately.

Q3: How accurate is the student loan calculation?
A: It uses the standard 9% repayment rates for each plan with the 2023-24 thresholds.

Q4: Does this include the Marriage Allowance or other tax reliefs?
A: No, this calculates standard PAYE deductions without special allowances.

Q5: Is pension calculated before or after tax?
A: The calculator assumes salary sacrifice (before tax) pension contributions.