Use our income tax calculator to quickly estimate your taxes and understand your taxable income in the UK.
With a salary of £20,424 for the 2025/2026 tax year, you’ll take home £18,225, keeping 89.2% of your earnings in your pocket. That works out to about £1,519 each month, or £350 per week.
You’ll contribute £1,571 in Income Tax and £628 in National Insurance. It’s always good to know where your money is going!
| Description | Amount (£) |
|---|---|
| Salary / Gross Pay | £20,424.00 |
| Tax Free Allowance | £12,570.00 |
| Total Taxable | £7,854.00 |
| Income Tax / PAYE | £1,570.80 |
| National Insurance | £628.32 |
| Student Loan | £0.00 |
| Total PAYE Deductions | £2,199.12 |
| Net Wage / Take Home Pay | £18,224.88 |
| National Insurance Paid by Employer | £2,313.60 |
| Cost To Employer | £22,737.60 |
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 | £20,424.00 | £2,199.12 | £18,224.88 |
| Monthly | £1,702.00 | £183.26 | £1,518.74 |
| Weekly | £392.77 | £42.29 | £350.48 |
| Daily (5 Day Week) | £78.55 | £8.46 | £70.10 |
| Hourly (37.5 Hour Week) | £10.47 | £1.13 | £9.35 |