Updated for 2025/26
£16,480 vs £23,948 Salary Comparison
Compare a £16,480 salary against £23,948. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£7,468
per year
Take Home Extra
+£448.08
per month
You Keep
72%
of the raise
5-Year Gain
+£26,885
cumulative
Entry-Level Career Progression
This comparison is typical for early career moves or first promotions. At this salary range, most of your income is taxed at the basic rate (20%), so you keep a higher percentage of any raise.
- Negotiate hard - you keep ~70-80% of any increase at this level
- Consider employers offering good pension matching (often worth more than small salary differences)
- Look for roles with clear progression paths to higher bands
- Factor in benefits like free lunches, gym memberships, or transport subsidies
Compare Salaries
Enter multiple salaries to compare take-home pay for 2025/26
£
£
Comparison Results
| Metric | £16,480 | £23,948 | Difference |
|---|---|---|---|
| Gross Salary | £16,480 | £23,948 | £7,468 |
| Income Tax | £782 | £2,276 | £1,494 |
| National Insurance | £313 | £910 | £597 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £15,385 | £20,762 | £5,377 |
| Take-Home (Monthly) | £1,282 | £1,730 | £448 |
| Effective Tax Rate | 6.6% | 13.3% | 6.7% |
£16,480
Gross£16,480
Take-Home£15,385
You Keep93.4%
£23,948
Gross£23,948
Take-Home£20,762
You Keep86.7%
Tax Band Analysis
Understanding where your money goes
£16,480
Tax BandBasic Rate
Marginal Rate20%
Income Tax£782.00
National Insurance£312.80
Take Home (Monthly)£1,282.10
£23,948
Tax BandBasic Rate
Marginal Rate20%
Income Tax£2,275.60
National Insurance£910.24
Take Home (Monthly)£1,730.18
What £448.08 Extra Buys You
Real-world value of the take-home difference
Monthly Subscriptions
Netflix, Spotify, gym - £100.00/mo
Weekend Breaks
1-2 UK getaways per month at this budget
Savings Boost
£5,376.96/year extra into savings or investments
Full Comparison: £16,480 vs £23,948
£16,480
- Gross Pay£16,480.00
- Take Home (Year)£15,385.20
- Take Home (Month)£1,282.10
- Effective Tax Rate6.6%
£23,948
- Gross Pay£23,948.00
- Take Home (Year)£20,762.16
- Take Home (Month)£1,730.18
- Effective Tax Rate13.3%
The difference in take-home pay is £5,377 per year, which works out to £448.08 per month.