You are about to discover how much money you can take home in the 2023-2024 tax year. Just enter your income details, deductions, and benefits in the calculator and view your results instantly. You will see a detailed breakdown of your gross pay, net pay, taxes, and contributions. Let’s get started!
Read the full instructionsEnter the amount you earn along with which country you're based in
Your tax code is used to determine how much income tax you pay. Enter it below to get a more accurate figure for your income tax deduction.
Provide some details of how you pay into your pension.
If you get paid for working overtime, it will contribute to your total earnings and you will need to pay income tax and national insurance.
Your annual bonus will increase your total income for the year. This means that you will have higher deductions in the month that you receive your bonus. The deductions will be based on your bonus amount and other factors.
Select which student loan plans you are still paying off, if any.
This is where you give up part of your salary or wages in exchange for certain non-cash benefits from your employer. Your salary is reduced by the amount of the benefit, which means you pay less tax and NI.
These are any non-cash benefits provided by your employer to you as part of their employment package, which are subject to tax and NI. If you are already receiving taxable benefits from your employer, your tax code will likely be used to collect the tax deduction already.
Enter your pay details to start the calculation. You can choose any period that you know your earnings for, and the calculator will estimate your annual income based on that.
Your tax situation depends on where you live in the UK. Scotland has its own income tax bands and rates, which are different from those in England and Wales.
You can enter a tax code to calculate your income tax more accurately. If you don’t have one, the calculator can estimate it for you, but keep in mind that your actual tax code may be different if you are expecting a salary change in the future. This is because HMRC assigns tax codes based on your income and personal circumstances.
Fill in your pension details and see how it affects your income. You may already have a workplace pension and a personal pension from your employer. Don’t forget to include both of them.
You can also enter any bonus payments you receive. Be aware that bonuses may affect your tax rate for the month you get them, as HMRC assumes your annual income is the same as that month’s income. This could push you into a higher tax bracket temporarily.
If you work overtime, you can enter the extra hours in the calculator’s overtime section. This will increase your income and also affect your deductions.
You can choose from any of the five student loan plans available in the calculator. A new plan (plan 5) was introduced in August 2023 for students in England and Wales who started their courses on or after 1 September 2023. Check that section's details to help you decide which plan you might be paying.
Finally, declare all your benefits and deductions. They can make a difference in your income!
As you enter your pay details, the calculator will show you how your income is divided and distributed in different categories. You can see your gross pay, net pay, tax rate, deductions, and benefits in real time. The calculator will help you understand what affects your take home pay and how you can improve it.
Start using the calculator