£40,550 after tax and NI will result in a £2,580 monthly net salary in 2018, leaving you with £30,955 take home pay in a year. You will pay a total of £5,740 in tax , and you’ll also have to pay £3,855 in National Insurance . Your hourly rate will be £19.50 if you’re working 40 hours per week. Scroll down below to see more details about your salary.
£40,550 after tax break-down