How to use it
- Use the formula below with your own figures.
The formula
Net = gross − tax − contributions.
Worked example
Take-home is always below gross once tax is applied.
Frequently asked questions
What's deducted?
Tax and often social or pension contributions.
Is it exact?
It's an estimate — payslips vary.
Tips
- Know your marginal vs effective rate.
- Set money aside as you earn if tax isn't withheld.
- Keep receipts for anything deductible.
Key terms
- Marginal rate
- The rate on your top slice of income.
- Effective rate
- Your overall average tax rate.
- Deduction
- An amount subtracted from taxable income.