Salary Calculators
Whether you're negotiating a new salary, comparing job offers, or converting between hourly and annual pay — our free salary calculators break down what you actually earn.
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Take-Home Pay
Net pay after tax, National Insurance, and deductions
Pay Raises & Negotiations
Pay raise percentage, offer comparison, and real wage growth
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Salary Glossary — Key Terms Explained
- Gross Salary
- Your total earnings before any deductions — tax, National Insurance, pension contributions, student loan repayments. The number on your contract and job offer.
- Net Salary (Take-Home Pay)
- Your actual earnings after all deductions. Gross salary minus income tax, NI/FICA, pension contributions, and any other deductions.
- PAYE (UK)
- Pay As You Earn — the UK system where employers deduct income tax and National Insurance directly from wages before paying the employee. You don't usually need to file a tax return if PAYE is your only income.
- Real Wage Growth
- Salary increase minus inflation. If your salary rises 5% but inflation is 4%, your real wage grew by approximately 1%. A pay rise below inflation is a real-terms pay cut.
- W-2 vs 1099 (US)
- W-2 employees have taxes withheld by the employer. 1099 independent contractors receive full pay but owe self-employment tax (15.3%) plus income tax, paid quarterly.
Frequently Asked Questions
How do I convert an annual salary to hourly?
Hourly rate = Annual salary ÷ (hours per week × weeks per year). Standard formula: Annual salary ÷ 2,080 (based on 40 hours × 52 weeks). A £40,000 salary = £40,000 ÷ 2,080 = £19.23/hour. Adjust for your actual hours if part-time or overtime is common.
How much tax do I pay on a £30,000 salary in the UK?
For 2024–25: Tax-free personal allowance = £12,570. Taxable income = £17,430 (30,000 − 12,570). Income tax = £17,430 × 20% = £3,486. National Insurance (8% on £12,570–£30,000) = £1,394. Total deductions ≈ £4,880. Net take-home ≈ £25,120 (£2,093/month).
How do I calculate my pay raise percentage?
Raise % = (New Salary − Old Salary) ÷ Old Salary × 100. If you go from £35,000 to £38,000: raise = (38,000 − 35,000) ÷ 35,000 × 100 = 8.6%. To find the new salary from a percentage raise: New Salary = Old Salary × (1 + Raise % ÷ 100).
Is a £50,000 salary good in the UK?
The UK median full-time salary in 2024 is approximately £35,000. £50,000 puts you in the top 20% of earners and just below the 40% higher-rate tax threshold (£50,270). In London, £50,000 provides a comfortable but not extravagant income given higher living costs. Outside London, it's solidly upper-middle income.