2026 UK Take Home Pay Calculator
Accountant-verified calculations for Income Tax, National Insurance, and Student Loan repayments
What Changes Between 2024 to 2026?
Student Loan Threshold Changes by Tax Year
| Student Loan Plan | 2024/25 | 2025/26 | 2026/27 | Repayment Rate |
|---|---|---|---|---|
| Plan 1 | £24,990 | £26,065 | £26,900 | 9% |
| Plan 2 | £27,295 | £28,470 | £29,385 | 9% |
| Plan 4 | £31,395 | £32,745 | £33,795 | 9% |
| Postgraduate (Plan 3) | £21,000 | £21,000 | £21,000 | 6% |
Income Tax Rates (Same for all three tax years)
| Tax Band | Income Range | Tax Rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic Rate | £12,571 - £50,270 | 20% |
| Higher Rate | £50,271 - £125,140 | 40% |
| Additional Rate | Over £125,140 | 45% |
National Insurance Rates (Same for all three tax years)
National Insurance is calculated at 8% on earnings between £12,570 and £50,270, and 2% on earnings above £50,270.
Frequently Asked Questions
Why does Income Tax and NI stay the same when I change tax years?
Because the UK government has frozen Income Tax and National Insurance rates until April 2028. The Personal Allowance remains £12,570, and tax bands remain the same.
What actually changes between tax years?
Student Loan repayment thresholds increase each year. If you have a Student Loan, your monthly repayment will be slightly lower in 2026/27 compared to 2024/25 because the threshold is higher.
How do I see the year selector working?
Select "Plan 2" Student Loan, enter £35,000 salary, then switch between years. Watch the "Student Loan Repayment" field change.