Income Tax Calculator Great Britain
Find out how much your salary is after tax
Salary Rate
Year
Month
Biweekly
Week
Day
Hour
Withholding
Salary
£40,000
Income Tax
- £5,498
National Insurance
- £3,660
Total tax
- £9,158
Net pay
*
£30,842
Marginal tax rate
32.0%
Average tax rate
22.9%
77.1%
Net pay
22.9%
Total tax
Total tax
Net pay
Summary
If you make £40,000 a year living in United Kingdom, you will be taxed £9,158. That means that your net pay will be £30,842 per year, or £2,570 per month. Your average tax rate is 22.9% and your marginal tax rate is 32.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of £100 in your salary will be taxed £32, hence, your net pay will only increase by £68.
Bonus Example
A £1,000 bonus will generate an extra £680 of net incomes. A £5,000 bonus will generate an extra £3,400 of net incomes.
NOTE* Deductions are calculated based on the Great Britain tables of United Kingdom, 2020 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.