About a £40,000 Salary in the UK
On a £40,000 gross salary, you'll take home £32,320 per year, which works out to £2,693 per month after income tax and National Insurance.
At this salary, all of your taxable income falls within the basic rate tax band (20%).
Your effective tax rate is 19.2%, meaning you keep 80.8p of every pound earned.
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