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UK Salary Calculator

Accurate, fast and user friendly UK salary calculator, using official HMRC data. Calculate your monthly net pay based on your yearly gross income, with our salary calculator.

Yearly salary:


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Need to calculate dividend tax? If you own a company and you are taking out salary and dividends, you might want to use this dividend tax calculator to see the most efficient dividend vs salary combination.

Need to calculate your budget after your expenses and net pay? We have built this great after tax calculator tool where you can calculate your net pay, then add all your expenses, to figure out your cost of living, and even calculate the month when you'll become a millionaire, based on your yearly gross salary.


Quick NET salary calculations

£20,000 after tax | £21,000 after tax | £22,000 after tax |
£23,000 after tax | £24,000 after tax | £25,000 after tax |
£30,000 after tax | £35,000 after tax | £40,000 after tax


Warning! HMRC scam callers are stealing people's money over the phone, and unfortunately their call activity is growing. See more information on these HMRC tax scam callers here

£45,000 Salary Calculations (example)

If your salary is £45,000 a year, you'll take home £2,853 every month. You'll pay £6,500 in tax, £4,260 in National Insurance, and your yearly take-home will be £34,240 . Your gross hourly rate will be £21.63 if you're working 40 hours per week. Please see the table below for a more detailed break-down.

Salary

  • Gross
  • Tax
  • NI
  • NET

Year

  • £45,000
  • £6,500
  • £4,260
  • £34,240

Month

  • £3,750
  • £542
  • £355
  • £2,853

Week

  • £865
  • £125
  • £82
  • £658

Hour

  • £21.63
  • £3.13
  • £2.05
  • £16.45
  • Gross
  • Tax
  • NI
  • NET

Year

  • £45,000
  • £6,500
  • £4,260
  • £34,240
  • Gross
  • Tax
  • NI
  • NET

Month

  • £3,750
  • £542
  • £355
  • £2,853
  • Gross
  • Tax
  • NI
  • NET

Week

  • £865
  • £125
  • £82
  • £658
  • Gross
  • Tax
  • NI
  • NET

Day

  • £173.00
  • £25.00
  • £16.40
  • £131.60
  • Gross
  • Tax
  • NI
  • NET

Hour

  • £21.63
  • £3.13
  • £2.05
  • £16.45

Other Calculations in UK Tax Bands

Tax free Salaries
You'll pay no tax for earnings in this band
£0 - £11,850
Basic rate salaries
You'll pay 20% on earnings in this band
£11,850 - £46,350
Higher rate salaries
You'll pay 40% on earnings in this band
£46,350 - £150,000
Additional rate
You'll pay 45% on earnings above £150K
Over £150,000

£45,000 Salary Break-Down

Monthly NET

You will get paid a net £2,853 every month into your bank account.

Hourly rate

Your gross hourly rate will be £21.63, if you're working 40 hours/week.

Your £45,000 salary explained

You told us that you are earning £45,000 a year. Now let's see how your net pay is calculated from this sum.

Personal allowance

First thing to consider is the fact that you'll have a personal allowance of 12,500 a year.This means that for the first £12,500 from your yearly gross salary you won't pay any tax. You'll only start paying tax once your earnings go above that sum, and only for the amount that is above that sum.

Your taxable amount

Therefore, if we deduct the personal allowance from the yearly £45,000 salary, you'll have a taxable amount of £32,500.

Amount liable for NI

You also have a national insurance threshold on your salary, which meant that you won't pay NI for the first £9,500 from your yearly salary. This means that, according to our calculations, only £35,500 of your yearly earnings will be liable for National Insurance.

Your tax

You will pay a total of £6,500 in taxes in the tax year Apr 2020 - Apr 2021.

Your National Insurance

You will pay a total of £4,260 in national insurance in the tax year Apr 2020 - Apr 2021.

Your monthly NET income

Your monthly net pay will be £2,853. This is the amount that gets paid in your bank by your employer every month.

Your hourly rate

Your hourly rate (as advertised by employers on job boards) will be £21.63. This amount is calculated by assuming that you are working 40 hours/week.

UK Salary Facts

You have £12,500 personal allowance this tax year (or £988/month) - which means that for the first £12,500 that you are earning this year you won't pay income tax. You'll only start paying tax once you earn above this limit, and only for the amount earned above this limit.

You also have a National Insurance threshold of £166/week (or £8,632 a year), which means that you won't pay National Insurance if you are earning below this sum. You'll only pay National Insurance for the sum that youy are earning above that limit.

The average UK salary in 2018 is £30,500 for men and £25,200 for women. The highest salaries in the UK are in the financial services and in the IT industry. London and Cambridge are the places where the highest average wages have been reported in 2018.

You have £12,500 personal allowance this tax year (or £1041/month) - which means that for the first £12,500 that you are earning this year you won't pay income tax. You'll only start paying tax once you earn above this limit, and only for the amount earned above this limit.

You also have a National Insurance threshold of £166/week (or £8,632a year), which means that you won't pay National Insurance if you are earning below this sum. You'll only pay National Insurance for the sum that youy are earning above that limit.

The average UK salary in 2018 is £30,500 for men and £25,200 for women. The highest salaries in the UK are in the financial services and in the IT industry. London and Cambridge are the places where the highest average wages have been reported in 2018.

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