1. What is Monthly Net Pay?

Monthly net pay is the amount of money you take home each month after all deductions including income tax, National Insurance, student loan repayments, and pension contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your annual salary before deductions
• Income Tax — Amount deducted for UK income tax
• National Insurance — UK National Insurance contributions
• Student Loan — Any student loan repayments
• Pension Contributions — Workplace or private pension deductions

3. UK Tax Year 2025-26

Details: This calculator uses the tax rates and thresholds for the 2025-26 UK tax year. Make sure to use up-to-date figures for accurate calculations.

4. Using the Calculator

Tips: Enter your annual gross salary and all deductions in GBP. The calculator will divide the net amount by 12 to give your monthly take-home pay.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between gross and net pay?
A: Gross pay is your salary before deductions, while net pay is what you actually receive after all deductions.

Q2: How often should I recalculate my net pay?
A: Recalculate whenever your salary changes or at the start of each tax year as tax thresholds may change.

Q3: Are bonuses included in gross pay?
A: Yes, any bonuses or additional income should be included in your gross pay figure.

Q4: What if I have multiple student loans?
A: Combine all student loan repayments into one figure for this calculation.

Q5: Does this include benefits in kind?
A: No, this calculator only deals with monetary salary. Benefits in kind may have separate tax implications.