Compare Two Salaries

A bigger salary is not always as much bigger as it looks. Compare two offers on what actually reaches your account.

Two offers

£
£

Difference in take-home pay

+£420 a month

£5,040 a year from £7,000 more gross — you keep 72% of it

Salary ASalary BDifference
Gross salary£35,000£42,000£7,000
Income Tax£4,486£5,886£1,400
National Insurance£1,794£2,354£560
Effective rate17.9%19.6%
Take-home a year£28,720£33,760£5,040
Take-home a month£2,393£2,813£420

Why the gross difference is not the real difference

A £7,000 rise sounds like £583 a month. After basic-rate tax and National Insurance it is closer to £420 — and if the increase pushes you across the higher-rate threshold at £50,270, the portion above it is taxed at 42% including National Insurance rather than 28%.

The thresholds worth knowing: £50,270, where the higher rate starts; £60,000, where the High Income Child Benefit Charge begins if anyone in your household claims it; and £100,000, where the personal allowance starts to disappear and the marginal rate jumps to 62%.

What the salary figure leaves out

Take-home pay is only part of an offer. An employer pension contribution of 10% against 3% is worth more than most pay rises and never appears in the salary line. So are the things that come out of net pay if you have to buy them yourself: a season ticket, parking, private medical cover, childcare.

Common questions

How much of a pay rise do I actually keep?

A basic-rate taxpayer keeps 72p in the pound, or 63p with a student loan. A higher-rate taxpayer keeps 58p, or 49p with a student loan. Between £100,000 and £125,140 you keep 38p.

Is a pay rise worth it if it pushes me into the higher rate?

Yes — only the part above £50,270 is taxed at the higher rate, so you always end up with more money. The only genuine cliff edges in the UK system are the £100,000 allowance taper and benefit-related thresholds, not the higher-rate band itself.

Should I compare gross or net when choosing a job?

Net, then adjust for everything that does not appear in either figure — employer pension contribution, bonus, commute cost, and whether benefits are paid from gross or net pay.