On a £70,000 salary, your take home pay will be £50,403.40 after tax and National Insurance. This equates to £4,200.28 per month and £969.30 per week. If you work 5 days per week, this is £193.86 per day, or £24.23 per hour at 40 hours per week.
To calculate the take home pay we assumed the following:
- You are not a company director;
- Pay is paid in equal instalments during the tax year;
- You are under the state pension age;
- You do not pay Scottish income tax;
- NI category assumed to be A, H & M;
- NI is based on Class 1 only;
- Tax code assumed to be standard 1257L (one job or pension);
- Take home pay does not consider pension contributions.
