Updated for 2025/26
£18,746 vs £23,746 Salary Comparison
Compare a £18,746 salary against £23,746. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£5,000
per year
Take Home Extra
+£300.00
per month
You Keep
72%
of the raise
5-Year Gain
+£18,000
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
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Comparison Results
| Metric | £18,746 | £23,746 | Difference |
|---|---|---|---|
| Gross Salary | £18,746 | £23,746 | £5,000 |
| Income Tax | £1,235 | £2,235 | £1,000 |
| National Insurance | £494 | £894 | £400 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £17,017 | £20,617 | £3,600 |
| Take-Home (Monthly) | £1,418 | £1,718 | £300 |
| Effective Tax Rate | 9.2% | 13.2% | 4.0% |
£18,746
Gross£18,746
Take-Home£17,017
You Keep90.8%
£23,746
Gross£23,746
Take-Home£20,617
You Keep86.8%
Tax Band Analysis
Understanding where your money goes
£18,746
Tax BandBasic Rate
Marginal Rate20%
Income Tax£1,235.20
National Insurance£494.08
Take Home (Monthly)£1,418.06
£23,746
Tax BandBasic Rate
Marginal Rate20%
Income Tax£2,235.20
National Insurance£894.08
Take Home (Monthly)£1,718.06
What £300.00 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
Full Comparison: £18,746 vs £23,746
£18,746
- Gross Pay£18,746.00
- Take Home (Year)£17,016.72
- Take Home (Month)£1,418.06
- Effective Tax Rate9.2%
£23,746
- Gross Pay£23,746.00
- Take Home (Year)£20,616.72
- Take Home (Month)£1,718.06
- Effective Tax Rate13.2%
The difference in take-home pay is £3,600 per year, which works out to £300.00 per month.