Real 2024/25 HMRC tax bands. Income tax, National Insurance, student loan and pension — all calculated accurately in real time.
Your take-home pay is your gross salary minus three main deductions: income tax, National Insurance contributions, and (if applicable) student loan repayments. Pension contributions reduce your taxable income, providing tax relief.
National Insurance (Employee): 8% on earnings between £12,570 and £50,270, then 2% on earnings above £50,270.
Student Loan: Repayments are 9% of earnings above the threshold for your plan (Plan 1: £24,990 · Plan 2: £27,295 · Plan 4: £31,395 · Plan 5: £25,000). Postgraduate loans are repaid at 6% above £21,000.
Scotland: Scottish taxpayers pay different income tax rates set by the Scottish Parliament, with more bands than the rest of the UK.
Personal Allowance taper: For incomes over £100,000, the personal allowance reduces by £1 for every £2 earned above £100,000, creating an effective 60% marginal tax rate between £100,000 and £125,140.