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Updated for 2025/26

£42,000 vs £47,000 Salary Comparison

Compare a £42,000 salary against £47,000. Find out exactly how much more (or less) you will take home after tax.

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Comparison Results

Metric£42,000£47,000Difference
Gross Salary£42,000£47,000£5,000
Income Tax£5,886£6,886£1,000
National Insurance£2,354£2,754£400
Pension£0£0£0
Take-Home Pay (Yearly)
£33,760
£37,360
£3,600
Take-Home (Monthly)£2,813£3,113£300
Effective Tax Rate19.6%20.5%0.9%

£42,000

Gross£42,000
Take-Home£33,760
You Keep80.4%

£47,000

Gross£47,000
Take-Home£37,360
You Keep79.5%

Detailed Breakdown: £42,000 vs £47,000

£42,000

  • Gross Pay£42,000.00
  • Take Home (Year)£33,759.60
  • Take Home (Month)£2,813.30
  • Effective Tax Rate19.6%

£47,000

  • Gross Pay£47,000.00
  • Take Home (Year)£37,359.60
  • Take Home (Month)£3,113.30
  • Effective Tax Rate20.5%

The difference in take-home pay is £3,600 per year, which works out to £300.00 per month.