Tax and payroll
Take-home pay
What actually reaches your bank account after income tax, National Insurance, pension contributions and any other deductions. Also called net pay. Your pay before deductions is gross pay.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
The gross salary's £60,000, but take-home pay is nearer £3,700 a month.
Why it matters to you.
Compare job offers, and contracts against salaried roles, on take-home pay, not the headline figure.
Also called Net pay.
Related terms.
Videos.
No video mentions Take-home pay by name yet. These are on the same topic, Careers & hiring.