£42,000 per year
Based on an annual salary of £42,000, your estimated take home pay is £33,760 after tax and National Insurance, giving you £2,813 per month
| Yearly | Monthly | Weekly | Daily | |
|---|---|---|---|---|
| Basic Salary | £42,000.00 | £3,500.00 | £807.69 | £161.54 |
| Taxable Income | £29,430.00 | £2,452.50 | £565.96 | £113.19 |
| Income Tax | £5,886.00 | £490.50 | £113.19 | £22.64 |
| National Insurance | £2,354.40 | £196.20 | £45.28 | £9.06 |
| Take Home Pay | £33,759.60 | £2,813.30 | £649.22 | £129.84 |
Calculation Assumptions
To give you an idea of what you'd bring home after taxes, we based our calculations on these assumptions:
- You are an employee, not a company director.
- You don't get paid dividends (a share of company profits).
- Your salary is spread out in equal payments throughout the year.
- You haven't reached retirement age yet and don't receive a state pension.
- You don't pay Scottish income tax (this applies to people in Scotland).
- Your National Insurance (NI) category is A, H & M (this is a standard category for most employees).
- You only pay Class 1 National Insurance (this is paid by most employees).
- Your tax code is likely 1257L, which is typical for someone with one job or pension.
- This information about your take-home pay doesn't include any money going towards a pension.
Or enter your own annual salary:
Disclaimer: Information provided on this site is for illustrative purposes only and does not in any way constitute financial advice. Do not make any major financial decisions without consulting a qualified specialist.