How Much of a £5,000 Pay Rise Do You Actually Keep?

A £5,000 pay rise adds £300 to £3,000 a month to your take-home pay, depending on your tax band and other deductions.

In the basic-rate band (below £50,270) you keep around £3,220 of the extra £5,000. In the higher-rate band you keep about £2,220. Inside the £100,000 tax trap, the effective rate hits 60%, leaving just £2,000.

This guide shows exact after-tax figures for every salary level, including student loan and salary sacrifice.