Tax Calculator for £40,000

The Tax Calculator calculates how much Income Tax (also known as PAYE) and National Insurance (NI) will be taken from your salary per week, per month and per year. Enter your salary below to view tax deductions and take home pay, and figure out exactly how much money you're left with at the end of the month.

Enter your salary and we'll calculate your tax for you

Income Tax£5,486£457.17£105
National Insurance£3,651.84£304.32£70.23
Take home pay£30,862.16£2,571.85£593

On a £40,000 salary, your take home pay will be £30,862.16 after tax and National Insurance. This equates to £2,571.85 per month and £593 per week. If you work 5 days per week, this is £118 per day, or £14.84 per hour at 40 hours per week.

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 April 2021
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