Take-home pay · 2026/27
£120,000 after tax
| £120,000 a year | No student loan | Plan 2 | Plan 5 |
|---|---|---|---|
| Gross pay | £120,000 £10,000/mo | £120,000 £10,000/mo | £120,000 £10,000/mo |
| Income tax | £39,432 £3,286/mo | £39,432 £3,286/mo | £39,432 £3,286/mo |
| National Insurance | £4,411 £368/mo | £4,411 £368/mo | £4,411 £368/mo |
| Student loan | £0 £0/mo | £8,155 £680/mo | £8,550 £712/mo |
| Take-home | £76,157 £6,346/mo | £68,002 £5,667/mo | £67,607 £5,634/mo |
TL;DROut of every £100 you earn, about £63 reaches your account — or £56 with a Plan 5 student loan.
TL;DRA £1,000 pay rise would add about £32 a month to your take-home.
This is above the UK median full-time salary of about £42,182 a year (ONS, April 2026). Between £100,000 and £125,140 you lose £1 of tax-free allowance for every £2 earned, which is why the tax rate on this slice is effectively 60%.
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See what’s actually left after the essentials, using your own numbers.
Small print
2026/27 income tax and National Insurance for England, Wales and Northern Ireland (Scotland’s income tax bands differ), standard 1257L tax code, employee Class 1 NI. Plan 2 repayments are 9% above £29,385 and Plan 5 9% above £25,000. Pension contributions, salary sacrifice, benefits in kind and other deductions are not included. General information, not financial advice.