Find out how much you take home on a £29,000 salary after income tax, National Insurance, and pension deductions.
Annual Take-Home
£24,553.57
Monthly Take-Home
£2,046.13
Weekly Take-Home
£472.18
Effective Tax Rate
15.3%
| Description | Annual | Monthly |
|---|---|---|
| Gross Salary | £29,000.00 | £2,416.67 |
| Income Tax | -£3,132.03 | -£261.00 |
| National Insurance | -£1,314.40 | -£109.53 |
| Take-Home Pay | £24,553.57 | £2,046.13 |
£472.18
£94.07
£11.80
£12,570.00
The UK median salary is approximately £34,963 per year (ONS ASHE 2024). A £29,000 salary is 17.1% below the median, putting you at approximately 83% of the median salary.
While £29,000 is below the national median, it can still provide a reasonable standard of living depending on your location and circumstances. Your monthly take-home of £2,046.13 is manageable in many parts of the UK, particularly outside London and the South East.
On a £29,000 annual salary in Scotland, your monthly take-home pay is £2,046.13 after deductions of £261.00 in income tax and £109.53 in National Insurance contributions.
Your weekly take-home pay on a £29,000 salary is £472.18. This is calculated by dividing your annual net salary of £24,553.57 by 52 weeks.
Your daily take-home pay is £94.07, based on 261 working days per year. Your gross daily rate before deductions is £111.11.
Based on a standard 40-hour work week, a £29,000 salary equates to approximately £11.80 per hour after tax, or £13.94 per hour before tax.
On a £29,000 salary in Scotland, your take-home pay after tax and National Insurance is £24,553.57 per year, or £2,046.13 per month.
Your monthly take-home pay on a £29,000 salary is £2,046.13 after income tax of £261.00 and National Insurance of £109.53.
A £29,000 salary is 17.1% below the UK median salary of £34,963. While below the median, this can be a livable salary depending on your location and circumstances.
On a £29,000 salary, your effective tax rate is 15.3%. This means you keep 84.7% of your gross salary.
A £29,000 annual salary works out to approximately £13.94 per hour gross, or £11.80 per hour after tax (based on a 40-hour week).
A £29,000 salary puts you in the basic rate tax band. You pay 0% on the first £12,570 (personal allowance) and 20% on the remainder. In Scotland, the starter rate of 19% applies to income between £12,571 and £14,876, with 20% on the basic band and 21% on the intermediate band.
Your effective tax rate of 15.3% means for every £1 you earn, you keep 85p after income tax and National Insurance. Make sure your tax code is correct — the wrong code could mean paying hundreds more than necessary.
Learn more about how UK tax works and how to keep more of your salary:
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