Updated for 2025/26
£42,004 vs £67,004 Salary Comparison
Compare a £42,004 salary against £67,004. Find out exactly how much more (or less) you will take home after tax.
Gross Difference
+£25,000
per year
Take Home Extra
+£1,304.77
per month
You Keep
63%
of the raise
5-Year Gain
+£78,286
cumulative
Higher Rate Tax Threshold
One or both salaries cross the higher rate threshold (£50,271.00). Above this, you pay 40% tax on additional earnings, so the actual take-home difference is smaller than it appears.
- Pension contributions above £50,271 save 40% tax - very valuable
- Consider salary sacrifice schemes for electric cars or cycle-to-work
- Above £60k, child benefit starts being clawed back (if applicable)
- Equity or bonus structures may be more tax-efficient than base salary
Compare Salaries
Enter multiple salaries to compare take-home pay for 2025/26
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Comparison Results
| Metric | £42,004 | £67,004 | Difference |
|---|---|---|---|
| Gross Salary | £42,004 | £67,004 | £25,000 |
| Income Tax | £5,887 | £14,234 | £8,347 |
| National Insurance | £2,355 | £3,351 | £996 |
| Pension | £0 | £0 | £0 |
| Take-Home Pay (Yearly) | £33,762 | £49,420 | £15,657 |
| Take-Home (Monthly) | £2,814 | £4,118 | £1,305 |
| Effective Tax Rate | 19.6% | 26.2% | 6.6% |
£42,004
Gross£42,004
Take-Home£33,762
You Keep80.4%
£67,004
Gross£67,004
Take-Home£49,420
You Keep73.8%
Tax Band Analysis
Understanding where your money goes
£42,004
Tax BandBasic Rate
Marginal Rate20%
Income Tax£5,886.80
National Insurance£2,354.72
Take Home (Monthly)£2,813.54
£67,004
Tax BandHigher Rate
Marginal Rate40%
Income Tax£14,233.60
National Insurance£3,350.68
Take Home (Monthly)£4,118.31
Tax Band Change: This salary increase crosses from the Basic Rate (20%) into the Higher Rate (40%). The portion above £50,270.00 will be taxed at the higher rate.
What £1,304.77 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
£15,657.24/year extra into savings or investments
Car Payment
Could cover a decent car on PCP or lease
Full Comparison: £42,004 vs £67,004
£42,004
- Gross Pay£42,004.00
- Take Home (Year)£33,762.48
- Take Home (Month)£2,813.54
- Effective Tax Rate19.6%
£67,004
- Gross Pay£67,004.00
- Take Home (Year)£49,419.72
- Take Home (Month)£4,118.31
- Effective Tax Rate26.2%
The difference in take-home pay is £15,657 per year, which works out to £1,304.77 per month.