Updated for 2025/26
£24,263 vs £42,124 Salary Comparison
Compare a £24,263 salary against £42,124. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£17,861
per year
Take Home Extra
+£1,071.66
per month
You Keep
72%
of the raise
5-Year Gain
+£64,300
cumulative
Mid-Career Sweet Spot
This salary range often represents strong mid-career positions. You're still entirely in the basic rate tax band (20%), making raises very tax-efficient.
- Salary sacrifice for pension can be very efficient at this level
- Consider hybrid or remote roles - commuting costs can eat into raises
- This is often the best time to change industries for a salary bump
- Skills training and certifications can lead to significant jumps
Compare Salaries
Enter multiple salaries to compare take-home pay for 2025/26
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Comparison Results
| Metric | £24,263 | £42,124 | Difference |
|---|---|---|---|
| Gross Salary | £24,263 | £42,124 | £17,861 |
| Income Tax | £2,339 | £5,911 | £3,572 |
| National Insurance | £935 | £2,364 | £1,429 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £20,989 | £33,849 | £12,860 |
| Take-Home (Monthly) | £1,749 | £2,821 | £1,072 |
| Effective Tax Rate | 13.5% | 19.6% | 6.2% |
£24,263
Gross£24,263
Take-Home£20,989
You Keep86.5%
£42,124
Gross£42,124
Take-Home£33,849
You Keep80.4%
Tax Band Analysis
Understanding where your money goes
£24,263
Tax BandBasic Rate
Marginal Rate20%
Income Tax£2,338.60
National Insurance£935.44
Take Home (Monthly)£1,749.08
£42,124
Tax BandBasic Rate
Marginal Rate20%
Income Tax£5,910.80
National Insurance£2,364.32
Take Home (Monthly)£2,820.74
What £1,071.66 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
£12,859.92/year extra into savings or investments
Car Payment
Could cover a decent car on PCP or lease
Full Comparison: £24,263 vs £42,124
£24,263
- Gross Pay£24,263.00
- Take Home (Year)£20,988.96
- Take Home (Month)£1,749.08
- Effective Tax Rate13.5%
£42,124
- Gross Pay£42,124.00
- Take Home (Year)£33,848.88
- Take Home (Month)£2,820.74
- Effective Tax Rate19.6%
The difference in take-home pay is £12,860 per year, which works out to £1,071.66 per month.