Use our income tax calculator to quickly estimate your taxes and understand your taxable income in the UK.
With a salary of £42,000 for the 2024/2025 tax year, you’ll take home £33,760, keeping 80.4% of your earnings in your pocket. That works out to about £2,813 each month, or £649 per week.
You’ll contribute £5,886 in Income Tax and £2,354 in National Insurance. It’s always good to know where your money is going!
| Description | Amount (£) |
|---|---|
| Salary / Gross Pay | £42,000.00 |
| Tax Free Allowance | £12,570.00 |
| Total Taxable | £29,430.00 |
| Income Tax / PAYE | £5,886.00 |
| National Insurance | £2,354.40 |
| Student Loan | £0.00 |
| Total PAYE Deductions | £8,240.40 |
| Net Wage / Take Home Pay | £33,759.60 |
| National Insurance Paid by Employer | £4,540.20 |
| Cost To Employer | £46,540.20 |
Our easy-to-use taxable income calculator provides accurate and fast estimates, helping you plan your finances effectively.
| Frequency | Gross Pay (£) | Deductions (£) | Net Pay (£) |
|---|---|---|---|
| Annually | £42,000.00 | £8,240.40 | £33,759.60 |
| Monthly | £3,500.00 | £686.70 | £2,813.30 |
| Weekly | £807.69 | £158.47 | £649.22 |
| Daily (5 Day Week) | £161.54 | £31.69 | £129.84 |
| Hourly (37.5 Hour Week) | £21.54 | £4.23 | £17.31 |