Updated for 2025/26
£18,762 vs £23,762 Salary Comparison
Compare a £18,762 salary against £23,762. 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 | £18,762 | £23,762 | Difference |
|---|---|---|---|
| Gross Salary | £18,762 | £23,762 | £5,000 |
| Income Tax | £1,238 | £2,238 | £1,000 |
| National Insurance | £495 | £895 | £400 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £17,028 | £20,628 | £3,600 |
| Take-Home (Monthly) | £1,419 | £1,719 | £300 |
| Effective Tax Rate | 9.2% | 13.2% | 3.9% |
£18,762
Gross£18,762
Take-Home£17,028
You Keep90.8%
£23,762
Gross£23,762
Take-Home£20,628
You Keep86.8%
Tax Band Analysis
Understanding where your money goes
£18,762
Tax BandBasic Rate
Marginal Rate20%
Income Tax£1,238.40
National Insurance£495.36
Take Home (Monthly)£1,419.02
£23,762
Tax BandBasic Rate
Marginal Rate20%
Income Tax£2,238.40
National Insurance£895.36
Take Home (Monthly)£1,719.02
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: £18,762 vs £23,762
£18,762
- Gross Pay£18,762.00
- Take Home (Year)£17,028.24
- Take Home (Month)£1,419.02
- Effective Tax Rate9.2%
£23,762
- Gross Pay£23,762.00
- Take Home (Year)£20,628.24
- Take Home (Month)£1,719.02
- Effective Tax Rate13.2%
The difference in take-home pay is £3,600 per year, which works out to £300.00 per month.