Updated for 2025/26
£40,840 vs £48,940 Salary Comparison
Compare a £40,840 salary against £48,940. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£8,100
per year
Take Home Extra
+£486.00
per month
You Keep
72%
of the raise
5-Year Gain
+£29,160
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
£
£
Comparison Results
| Metric | £40,840 | £48,940 | Difference |
|---|---|---|---|
| Gross Salary | £40,840 | £48,940 | £8,100 |
| Income Tax | £5,654 | £7,274 | £1,620 |
| National Insurance | £2,262 | £2,910 | £648 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £32,924 | £38,756 | £5,832 |
| Take-Home (Monthly) | £2,744 | £3,230 | £486 |
| Effective Tax Rate | 19.4% | 20.8% | 1.4% |
£40,840
Gross£40,840
Take-Home£32,924
You Keep80.6%
£48,940
Gross£48,940
Take-Home£38,756
You Keep79.2%
Tax Band Analysis
Understanding where your money goes
£40,840
Tax BandBasic Rate
Marginal Rate20%
Income Tax£5,654.00
National Insurance£2,261.60
Take Home (Monthly)£2,743.70
£48,940
Tax BandBasic Rate
Marginal Rate20%
Income Tax£7,274.00
National Insurance£2,909.60
Take Home (Monthly)£3,229.70
What £486.00 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
Savings Boost
£5,832.00/year extra into savings or investments
Full Comparison: £40,840 vs £48,940
£40,840
- Gross Pay£40,840.00
- Take Home (Year)£32,924.40
- Take Home (Month)£2,743.70
- Effective Tax Rate19.4%
£48,940
- Gross Pay£48,940.00
- Take Home (Year)£38,756.40
- Take Home (Month)£3,229.70
- Effective Tax Rate20.8%
The difference in take-home pay is £5,832 per year, which works out to £486.00 per month.