Reading your take-home pay estimate
Gross income is the amount before deductions. Income Tax and employee National Insurance are different calculations. Net income is what remains after the deductions included by this tool. Select the relevant tax region and income type; a pension receipt should not be treated as employment pay merely because both are monthly.
Worked example
As a simple Income Tax example for England, Wales or Northern Ireland in 2026/27, £30,000 of taxable pension income with a full £12,570 Personal Allowance leaves £17,430 taxed at 20%: £3,486 for the year. That is an Income Tax example only, not an employee take-home calculation.
Interpreting the result
The displayed monthly equivalent divides annual figures by twelve. Actual payslips can differ because PAYE uses your tax code, payment dates and earlier pay in the tax year. Scottish income-tax bands differ. A change in gross income does not mean that all income is charged at the highest marginal rate.
Checks before relying on the numbers
Check the exclusions next to the calculator. Student loans, benefits in kind, pension contribution arrangements, multiple jobs and unusual tax codes can change the answer. Use the estimate to understand deductions and compare assumptions, then check your payslip or HMRC record before acting.
Check current HMRC Income Tax rates →
Personal Fortune · Updated 25 September 2026. Educational illustrations, not personal financial advice. Our approach and corrections.