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Salary calculator
Use our salary calculator to calculate your take-home pay after tax.
To be paid: kr
Gross salary (Pre-tax salary)
To start calculating your take-home pay, you need to enter your gross salary. Your gross salary is the amount your employer pays you before any taxes, contributions, and similar deductions are made.
Typically, if you are a full-time employee, you will have a fixed monthly salary. If not, you can find your gross salary by multiplying the number of hours you work per month by your hourly wage. You can find your gross salary on your payslip listed as AM-income.
Tax allowance
In the UK, everyone has a personal tax allowance. The amount can vary, but in 2018, the personal allowance for individuals aged 18 or over was £46,000 annually.
The tax allowance is more specifically the deduction that is subtracted from your tax payment each month. If we take an annual tax allowance of £46,000 as an example, this means a deduction of approximately £3,833 per month. This means you can earn £3,833 before you have to pay tax on your salary. If you earn £23,000 per month, it is only the last £19,167 that you have to pay tax on.
According to UK law, your spouse can use your remaining tax allowance if you do not use it all.
National insurance contributions
National Insurance Contributions (NICs) are a tax applied to all work income; that is, salary income and income for the self-employed. NICs are currently at 8% and are often referred to as a gross tax.
Pension
Your pension is calculated as a percentage of your salary. Your pension percentage is personal and depends on the agreement you have with your pension provider and your workplace. It is often seen that the employer pays ⅔ of the total amount, while you have to pay the remaining ⅓. If you have a percentage rate of, for example, 12%, your employer pays 8%, and you pay 4%.
In addition, there is the ATP contribution, which is a mandatory pension saving. This aims to ensure you have more available in addition to your state pension. As a full-time employee working over 117 hours per month, you contribute £90 of your salary to ATP. A general employee has the ATP contribution automatically deducted.
Tax rate
Your tax rate is the portion of your salary that is deducted as tax, expressed as a percentage, also known as your tax percentage. How much is deducted as tax varies from person to person. In the UK, your tax rate depends on how high your income is.
If you pay the basic rate of tax and are not a member of the Church of England (and therefore do not pay church tax), you pay 37% tax. If you are one of the higher earners, you pay the higher rate of tax. If you are a member of the Church of England and therefore pay church tax, you pay 53% tax.
If you are unsure about your tax rate and monthly allowance, you can check it by going to the HMRC website and finding the answer under your tax code. If you are unsure about your tax rate and monthly allowance, you can check it by going to the HMRC website and finding the answer under your tax code.
Net salary (Take-home pay)
To start calculating your take-home pay, you need to enter your gross salary. Your gross salary is the amount your employer pays you before any taxes, contributions, and similar deductions are made from the salary.
Typically, if you are a full-time employee, you will have a fixed monthly salary. If not, you can find your gross salary by multiplying the number of hours you work per month by your hourly wage. You can find your gross salary on your payslip listed as AM-income.
