Your results
- First salary: Salary = £50,000
- Annual NI = £2,993
- Annual PAYE = £7,486
- Annual net income = £39,520
- Monthly net income = £3,293
- Second salary: Salary = £51,000
- Annual NI = £3,030
- Annual PAYE = £7,832
- Annual net income = £40,137
- Monthly net income = £3,344
- Difference in salaries is £1,000 (2% increase).
- Difference in net monthly income is £51 (1.56% increase).
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