Updated for 2025/26
£24,742 vs £31,744 Salary Comparison
Compare a £24,742 salary against £31,744. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£7,002
per year
Take Home Extra
+£420.12
per month
You Keep
72%
of the raise
5-Year Gain
+£25,207
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 | £24,742 | £31,744 | Difference |
|---|---|---|---|
| Gross Salary | £24,742 | £31,744 | £7,002 |
| Income Tax | £2,434 | £3,835 | £1,400 |
| National Insurance | £974 | £1,534 | £560 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £21,334 | £26,375 | £5,041 |
| Take-Home (Monthly) | £1,778 | £2,198 | £420 |
| Effective Tax Rate | 13.8% | 16.9% | 3.1% |
£24,742
Gross£24,742
Take-Home£21,334
You Keep86.2%
£31,744
Gross£31,744
Take-Home£26,375
You Keep83.1%
Tax Band Analysis
Understanding where your money goes
£24,742
Tax BandBasic Rate
Marginal Rate20%
Income Tax£2,434.40
National Insurance£973.76
Take Home (Monthly)£1,777.82
£31,744
Tax BandBasic Rate
Marginal Rate20%
Income Tax£3,834.80
National Insurance£1,533.92
Take Home (Monthly)£2,197.94
What £420.12 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
£5,041.44/year extra into savings or investments
Full Comparison: £24,742 vs £31,744
£24,742
- Gross Pay£24,742.00
- Take Home (Year)£21,333.84
- Take Home (Month)£1,777.82
- Effective Tax Rate13.8%
£31,744
- Gross Pay£31,744.00
- Take Home (Year)£26,375.28
- Take Home (Month)£2,197.94
- Effective Tax Rate16.9%
The difference in take-home pay is £5,041 per year, which works out to £420.12 per month.