Your results
- First salary: Salary = £50,000
- Annual NI = £4,523
- Annual PAYE = £8,700
- Annual net income = £36,776
- Monthly net income = £3,064
- Second salary: Salary = £51,000
- Annual NI = £4,543
- Annual PAYE = £9,100
- Annual net income = £37,356
- Monthly net income = £3,113
- Difference in salaries is £1,000 (2% increase).
- Difference in net monthly income is £48 (1.58% increase).
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