Calculator
Pay rise calculator
Estimate the real gain from a raise, not just the headline gross figure.
Uses the MVP methodology assumptions. Review how the figures are modelled.
Gross increase
£5,000
Annual take-home increase
£3,600
Monthly take-home increase
£300
Retention of the raise
£3,600
72%
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FAQ
Why does my raise feel smaller than expected? Because the marginal slice of the pay rise is taxed at your current marginal rates, not your average rate.
Should I compare monthly or annual impact? Use both. Annual helps with total compensation; monthly makes budgeting clearer.
Related reading: Pay rise after tax explained