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You take home including childcare a year, or {{ fmtMoney(headlineTakeHome / 12) }} a month
- {{ p.label }}{{ fmtMoney(p.amount) }}
- Childcare support+{{ fmtMoney(summary.childcareCredit) }}
- Marginal tax rate
- {{ fmtPct(summary.marginalRate) }}
- Effective tax rate
- {{ fmtPct(summary.effectiveRate) }}
- {{ fmtMoney(summary.pensionGross) }} into your pension costs you
- {{ fmtMoney(summary.pensionNetCost) }}
- {{ fmtMoney(summary.pensionGross) }} into your pension leaves you better off by
- {{ fmtMoney(-summary.pensionNetCost) }}
Pension contributions
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Enter the total going into your pension, including any basic-rate top-up, but excluding other employer contributions.
Your employer must offer salary sacrifice, and your remaining pay must meet minimum-wage rules.
{{ pensionCapNotice }}
You pay {{ fmtMoney(summary.pensionEmployeeOutlay) }} to the provider. Extra tax relief may need claiming from HMRC.
This exceeds your {{ fmtMoney(summary.annualAllowance.allowance) }} annual allowance by {{ fmtMoney(allowanceExcess) }}. An annual allowance charge is included; unused allowance carried forward could reduce it.
Pension contributions from pension income aren't modelled.
Enter the total annual support your household would lose above £100,000 adjusted net income. Use your Tax-Free Childcare account and ask your nursery what replacing the lost funded hours would cost. For three- and four-year-olds in England, count the extra 15 hours, not the universal 15. Younger children can lose all 30 working-parent hours. Check the funded-hours rules. Scotland's funded hours have no income limit, so in Scotland count only Tax-Free Childcare. Only include support actually at risk for your family; eligibility and your partner's income aren't checked here.
Total annual amount at risk above £100,000, for your whole household.
←→ move £1,000 · Shift £10,000
This download includes what you entered
Nothing you enter in this calculator is sent over the internet: it stays on your device. The {{ exportConfirm === 'image' ? 'image' : 'data file' }} you're about to download shows your figures, including your income. If that's sensitive, take care where you save it and who you share it with.
{{ datasetLabel(dataset) }}{{ datasetLabel(compareDataset) }}
Childcare support is lost once gross income exceeds {{ childcareCliffText }}: {{ fmtMoney(household.childcareSubsidyAmount) }} of annual support is at risk.
Below 0%, pension tax relief on the next £1 exceeds the tax on it.
{{ wayOut.trap }}. Paying {{ wayOut.more ? 'an extra ' : '' }}{{ fmtMoney(wayOut.extra) }} {{ wayOut.how }} would take you out of it, and would cost you {{ fmtMoney(wayOut.cost) }} of take-home pay. and would leave you {{ fmtMoney(-wayOut.cost) }} better off.
How the calculation works
Under {{ datasetLabel(compareDataset) }}, you'd be no better or worse off. you'd be {{ fmtMoney(Math.abs(compareDelta)) }} a year {{ compareDelta > 0 ? 'better off' : 'worse off' }}.
| {{ t.title }} | {{ compareSummary ? datasetLabel(dataset) : '' }} | {{ datasetLabel(compareDataset) }} |
|---|---|---|
| {{ r.label }} | {{ r.cur === null ? '–' : (Math.round(r.cur) < 0 ? '−' : '') + fmtMoney(Math.abs(r.cur)) }} | {{ r.cmp === null ? '–' : (Math.round(r.cmp) < 0 ? '−' : '') + fmtMoney(Math.abs(r.cmp)) }} |