Pay Raise Calculator
Calculate your new salary after a pay raise and see the difference in monthly and weekly take-home pay.
Enter Details
New Annual Salary
£36,750.00
Total Raise
£1,750.00
Monthly Increase
£145.83
Weekly Increase
£33.65
Understanding Your Pay Raise
A pay raise is one of the most significant financial events in your working life. Even a modest percentage increase can have a meaningful impact on your monthly take-home pay and long-term financial security. This calculator helps you understand the full value of a raise before or after a salary negotiation.
In the UK, the average pay raise in 2024 was approximately 5–6%, driven largely by high inflation and a competitive labour market. However, pay rises vary significantly by sector, role, and employer. Technology, finance, and healthcare roles typically see higher increases than public sector or retail positions.
When negotiating a pay raise, it is worth calculating the exact monetary value of the percentage being offered. A 3% raise on a £30,000 salary is £900 per year — or £75 per month before tax. Knowing these figures gives you a clearer picture of the real-world impact and helps you make a more informed decision.
Frequently Asked Questions
What is a good pay raise percentage in the UK?
In 2024, the average pay raise in the UK was around 5–6%. Anything above inflation (currently around 3%) represents a real-terms increase in purchasing power.
Does this calculator account for tax?
No — this shows gross (before tax) figures. Your actual take-home increase will be lower after income tax and National Insurance deductions.
How do I negotiate a pay raise?
Research market rates for your role, document your achievements, and present a specific figure. Aim slightly higher than your target to leave room for negotiation.
What is the difference between a pay raise and a bonus?
A pay raise permanently increases your base salary. A bonus is a one-time payment that does not affect your ongoing salary. Raises have more long-term value.