How much do you actually take home?
You take home £27,320/year·£2,277/month
For Employees
For Contractors
For Self-Employed
How Much Tax Will I Pay in 2026/27?
Understanding your take home pay in the UK can be confusing with income tax, National Insurance, pension contributions, and student loan repayments all affecting your final pay packet. Our free calculators use the latest HMRC rates for the 2026/27 tax year to give you an instant, accurate breakdown.
Whether you're a PAYE employee, a limited company director deciding between salary and dividends, or a self-employed sole trader estimating your tax bill, we have a calculator designed for your situation. All calculations run entirely in your browser, and we don't store any of your data.
Which Calculator Do I Need?
If you're a PAYE employee wondering what your salary is really worth, start with our take home pay calculator. It handles income tax, National Insurance, pension contributions, and student loan deductions in one place. Got a bonus coming? Our bonus tax calculator shows exactly how much lands in your pocket.
Contractors and company directors have more options, and more complexity. Use the salary vs dividends calculator to find the most tax-efficient way to extract money from your limited company. If your IR35 status is uncertain, our IR35 calculator compares take-home pay inside and outside IR35 side by side.
Self-employed? The self-employed tax calculator estimates your income tax, Class 2 and Class 4 National Insurance, and payments on account, so there are no surprises when your tax bill arrives.
How UK Tax Works in 2026/27
The UK uses a progressive tax system: you pay different rates on different portions of your income. The first £12,570 is tax-free (your Personal Allowance), then you pay 20% basic rate up to £50,270, 40% higher rate up to £125,140, and 45% on anything above that. These thresholds have been frozen since 2021 and won't rise until at least 2028.
On top of income tax, employees pay National Insurance at 8% on earnings between £12,570 and £50,270, dropping to 2% above that. Your employer also pays 15% NI on your salary above £5,000, a hidden cost that matters when comparing contractor day rates with permanent salaries.
Company directors can also take income as dividends, which are taxed at lower rates: 8.75% for basic rate taxpayers in 2026/27. Our corporation tax calculator helps you work out how much your company keeps after tax.
Popular Salary Breakdowns
See exactly how much you take home at common UK salary levels. Each page shows a full breakdown of income tax, National Insurance, and net pay for 2026/27.