Where the money goes
| Year | Month | Week | |
|---|---|---|---|
| Salary | £100,000 | £8,333 | £1,923 |
| Income Tax | £27,432 | £2,286 | £528 |
| National Insurance | £4,011 | £334 | £77 |
| Take-home pay | £68,557 | £5,713 | £1,318 |
Out of every £100 you earn, you keep about £69. Your payslip may differ by a few pounds because payroll works each pay period separately.
Income Tax band by band
The first £12,570 is your tax-free Personal Allowance. Income Tax is charged on the remaining £87,430.
| Band | Rate | Income in band | Tax |
|---|---|---|---|
| Tax-free allowance | 0% | £12,570 | £0 |
| Basic rate | 20% | £37,700 | £7,540 |
| Higher rate | 40% | £49,730 | £19,892 |
National Insurance
Employees pay Class 1 National Insurance of 8% on earnings between £12,570 and £50,270 a year, and 2% above that. On £100,000 that comes to £4,011 a year, or £334 a month. National Insurance is the same in every part of the UK, and you stop paying it once you reach State Pension age.
£100,000 after tax in Scotland
Scotland sets its own Income Tax bands. On £100,000 a Scottish taxpayer pays £30,732 Income Tax and takes home £65,257 a year (£5,438 a month), £3,300 less than in the rest of the UK.
| Band | Rate | Income in band | Tax |
|---|---|---|---|
| Tax-free allowance | 0% | £12,570 | £0 |
| Starter rate | 19% | £3,967 | £754 |
| Basic rate | 20% | £12,989 | £2,598 |
| Intermediate rate | 21% | £14,136 | £2,969 |
| Higher rate | 42% | £31,338 | £13,162 |
| Advanced rate | 45% | £25,000 | £11,250 |
With a pension or student loan
Most employees pay into a workplace pension, and many repay a student loan. This is how they change take-home pay on £100,000. A salary sacrifice pension is taken before tax and National Insurance, so it costs you less than its face value.
| Pension | Student loan | Take-home a year | A month | |
|---|---|---|---|---|
| No pension or student loan | £0 | £0 | £68,557 | £5,713 |
| 5% pension by salary sacrifice | £5,000 | £0 | £65,657 | £5,471 |
| Plan 2 student loan | £0 | £6,355 | £62,202 | £5,184 |
| Plan 5 student loan | £0 | £6,750 | £61,807 | £5,151 |
| 5% pension and Plan 2 loan | £5,000 | £5,905 | £59,752 | £4,979 |
Your tax rates
Between £100,000 and £125,140 you lose £1 of Personal Allowance for every £2 you earn, so each extra £100 costs 62%: 40% tax, another 20% from the lost allowance and 2% NI. Pension contributions or Gift Aid that bring your income back to £100,000 win the allowance back.
Per hour, day and week
| Before tax | After tax | |
|---|---|---|
| Per hour (37.5 hours a week) | £51.28 | £35.16 |
| Per day (5 days a week) | £384.62 | £263.68 |
| Per week | £1,923 | £1,318 |
| Per month | £8,333 | £5,713 |
Nearby salaries
| Salary | Take-home a year | A month |
|---|---|---|
| £97,000 after tax | £66,817 | £5,568 |
| £98,000 after tax | £67,397 | £5,616 |
| £99,000 after tax | £67,977 | £5,665 |
| £100,000 | £68,557 | £5,713 |
| £101,000 after tax | £68,937 | £5,745 |
| £102,000 after tax | £69,317 | £5,776 |
| £103,000 after tax | £69,697 | £5,808 |
See every salary from £15,000 to £250,000, or work out any figure with the salary calculator.