2024-25 tax year
Based on a gross salary of per annum, on the tax code , with no student loan and with no pension income, you can expect the following figures...
| Per Week | Per Month | Per Year | ||
|---|---|---|---|---|
| Gross Pay |
i
This is what the Employee earns before any deductions are made.
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| + Employer NI |
i
This is the Employer National Insurance Contribution you will pay based on the salary entered.
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| + Employer Pension |
i
This figure shows the minimum employer contribution calculated on qualifying earnings which is 3%.
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| Employer Total Cost |
i
This is Gross Pay + Employer National Insurance Contribution + Employer Pension Contribution. Total Cost applies only to the employer and should not be used in Contracts of Employment.
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| Per Week | Per Month | Per Year | ||
|---|---|---|---|---|
| Gross Pay |
i
This is what the Employee earns before any deductions are made.
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| - Income tax (PAYE) |
i
This is the Income Tax (PAYE) Contribution your Employee will pay based on the salary entered.
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| - Employee NI |
i
Employee National Insurance Contribution your Employee will pay based on the salary entered.
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| - Employee Pension |
i
This figure shows the minimum contribution calculated on qualifying earnings which is 4%, with 1% tax relief added by the government.
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| - Student Loan |
i
This is based on the student loan type(s) you selected.
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| Employee Net Pay |
i
Also known as take-home pay. It is what the Employee is left with after all deductions have been made. These calculations assume Income Tax (PAYE), Employee National Insurance Contribution and Employee Pension Contribution only. Other deductions such as Student Loan repayments and Attachment of Earnings may be deducted from the Gross Pay.
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