£40,700 after tax and NI will result in a £2,588 monthly net salary in 2018, leaving you with £31,057 take home pay in a year. You will pay a total of £5,770 in tax , and you’ll also have to pay £3,873 in National Insurance . Your hourly rate will be £19.58 if you’re working 40 hours per week. Scroll down below to see more details about your salary.
£40,700 after tax break-down