£24,000 after tax in 2026/27
A £24,000 salary pays £1,733.30 a month, which is 87% of what you earn before tax. At £12.31 an hour gross it sits just below the full-time National Living Wage, so it is common in part-time and entry-level posts.
Figures use 2026/27 rates, the 1257L tax code and England, Wales or Northern Ireland, with no pension or student loan.
Your take-home pay
| Annually | £20,799.60 |
|---|---|
| Monthly | £1,733.30 |
| Weekly | £399.99 |
| Daily | £80.00 |
| Hourly | £10.67 |
Daily is over 260 working days. Hourly is based on 37.5 hours a week.
Where the £24,000 goes
| Gross salary | £24,000.00 |
|---|---|
| Income Tax | −£2,286.00 |
| National Insurance | −£914.40 |
| Take-home | £20,799.60 |
On £24,000, what a pension actually costs you
At £24,000 an auto-enrolment pension takes a noticeable bite out of monthly pay, but not as much as the percentage suggests. Contributions are worked out on qualifying earnings, and tax relief means the cost to your take-home is lower than the gross amount paid in.
The pension and student-loan table below shows both effects. Under auto-enrolment your employer also pays in, so opting out means giving up that money as well as your own saving.
With a pension or student loan
Most people pay into a workplace pension, and many have a student loan. Here is what £24,000 leaves you each month in common situations.
| Situation | Monthly | Yearly |
|---|---|---|
| No pension or student loan | £1,733.30 | £20,800 |
| 5% workplace pension | £1,674.10 | £20,089 |
| Plan 2 student loan | £1,733.30 | £20,800 |
| 5% pension and Plan 2 loan | £1,674.10 | £20,089 |
| Living in Scotland | £1,736.61 | £20,839 |
At £24,000 you are below the Plan 2 threshold of £29,385, so you repay nothing on a Plan 2 loan. A 5% pension on qualifying earnings costs you £59.20 a month in take-home pay, because tax relief tops it up. In Scotland you would take home £3.31 a month more, because Scottish Income Tax bands are different.
How the tax is worked out
The first £12,570 is your personal allowance, so it is tax-free. The remaining £11,430 is taxed at 20%, which is £2,286.00. National Insurance is 8% between £12,570 and £50,270, which is £914.40.
If you got a £1,000 rise, you would keep about £720 of it. That is a 28% rate on the extra pay.
Tax bands and National Insurance rates are frozen, so this is the same as you took home in 2025/26 on the same salary.
What a pay rise would leave you
A rise is never worth its full amount, because part of it goes in tax and National Insurance. This is what extra yearly pay does to your take-home at £24,000.
| Extra gross a year | Extra take-home | You keep |
|---|---|---|
| £1,000 | £720 | 72p in the pound |
| £3,000 | £2,160 | 72p in the pound |
| £5,000 | £3,600 | 72p in the pound |
Pension rates and student loan plans
Pension contributions come off before tax, so putting in more costs you less than the full amount. Student loans work differently, taking a percentage of what you earn over each plan’s threshold.
| If you pay | Take-home a month | Take-home a year |
|---|---|---|
| 3% into a pension | £1,697.78 | £20,373 |
| 5% into a pension | £1,674.10 | £20,089 |
| 8% into a pension | £1,638.58 | £19,663 |
| Plan 1 student loan | £1,733.30 | £20,800 |
| Plan 2 student loan | £1,733.30 | £20,800 |
| Plan 5 student loan | £1,733.30 | £20,800 |
Nearby salaries
| Salary | Monthly take-home | Yearly take-home |
|---|---|---|
| £18,000 | £1,373.30 | £16,480 |
| £20,000 | £1,493.30 | £17,920 |
| £22,000 | £1,613.30 | £19,360 |
| £24,000 | £1,733.30 | £20,800 |
| £25,000 | £1,793.30 | £21,520 |
| £26,000 | £1,853.30 | £22,240 |
| £27,000 | £1,913.30 | £22,960 |
Estimates for guidance only, using 2026/27 HMRC rates. Your payslip may differ slightly because payroll works out tax period by period.
Common questions
How much is £24,000 a year after tax per month?
£1,733.30 a month in 2026/27, assuming the standard 1257L tax code and no pension or student loan. That is £20,800 a year.
How much tax do I pay on £24,000?
£2,286.00 Income Tax and £914.40 National Insurance a year, £3,200.40 in total. That is 13.3% of your pay.
What is £24,000 a year as an hourly rate?
£12.31 an hour before tax, based on 37.5 hours a week. After tax it is about £10.67 an hour.
Is £24,000 a good salary in the UK?
It is below the UK median for full-time employees, which ONS put at £39,039 in April 2025. How far it goes depends mostly on where you live and your housing costs.