Take-Home Calculator

Wondering how much difference that pay rise would make? Use the Take-Home Calculator to work out just how much more you will have each month:

Salary:£
Monthly
Overtime:		@
@
Age:Under 65
65 to 75
Over 75
Married:
Blind:
Student Loan:
YearlyMonthlyWeeklyDaily*
Gross Income£0.00£0.00£0.00£0.00
Taxable Income£0.00£0.00£0.00£0.00
Tax£0.00£0.00£0.00£0.00
National Insurance£0.00£0.00£0.00£0.00
Student Loan£0.00£0.00£0.00£0.00
Take Home£0.00£0.00£0.00£0.00
New 2008 Values**£0.00£0.00£0.00£0.00

*Daily values based on a 5-day working week

**On 13th May the Chancellor of the Exchequer announced changes which will take effect from September 2008

How to use the Take-Home Calculator

Enter your annual salary (or the one you would like) in the "Salary" box. Select your age range from the options provided.

New! Find out the benefit of that overtime! Enter the number of hours, and the rate at which you will get paid. For example, for 5 hours a month at time and a half, enter 5 @ 1.5. There are two options in case you have two different overtime rates. To keep the calculations simple, overtime rates are based on a normal week of 37.5 hours.

If you are married, tick the "Married" box. Similarly, tick the "Blind" box if you are blind. If you are making Student Loan repayments, tick the "Student Loan" box.

When you're done, click on the "Go!" button, and the table on the right will display the information you requested. You'll be able to see the gross salary, taxable amount, tax, national insurance and student loan repayments on annual, monthly, weekly and daily bases.

This is based on Income Tax, National Insurance and Student Loan information from April 2008. More information on tax rates here.

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