Tax Calculator for £38k
The Reed.co.uk Tax Calculator estimates PAYE and NI tax deductions from your pay each week, month, and year. Enter your salary below to check tax deductions and calculate your monthly take home income.
Your estimation
Tax year 2024/2025
| Yearly | Monthly | Weekly | |
|---|---|---|---|
| Gross salary | £38,000 | £3,166.67 | £730.77 |
| Income Tax | £5,086 | £423.83 | £97.81 |
| National Insurance | £2,543 | £211.92 | £48.90 |
| Take home pay | £30,371 | £2,530.92 | £584.06 |
- Income Tax
- National Insurance
- Take home pay
On a £38,000 salary, your take home pay will be £30,371 after tax and National Insurance. This equates to £2,530.92 per month and £584.06 per week. If you work 5 days per week, this is £116.81 per day, or £14.60 per hour at 40 hours per week.
To calculate the take home pay we assumed the following:- You are not a company director;
- Pay is paid in equal instalments during the tax year;
- You are under the state pension age;
- You do not pay Scottish income tax;
- NI category assumed to be A, H & M;
- NI is based on Class 1 only;
- Tax code assumed to be standard 1257L (one job or pension);
- Take home pay does not consider pension contributions.
Disclaimer: This figure is for guidance only, and does not in any way constitute financial advice. We advise you to consult a specialist regarding any major financial decisions. These rates are from the HMRC website and are correct as of 6 January 2024, along with the exclusions.