Your results
- First salary: Salary = £50,000
- Annual NI = £4,231
- Annual PAYE = £9,627
- Annual net income = £36,141
- Monthly net income = £3,011
- Second salary: Salary = £51,000
- Annual NI = £4,251
- Annual PAYE = £10,027
- Annual net income = £36,721
- Monthly net income = £3,060
- Difference in salaries is £1,000 (2% increase).
- Difference in net monthly income is £48 (1.6% increase).
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