What £179000 after tax in the UK really means in 2024

What is £179000 after tax UK?

For an annual income of £179,000.00 in the UK for the tax year 2023/2024, the breakdown is as follows:

Taxable Income: £166,430.00 (after deducting the personal allowance of £12,570.00 from the total income).
Income Tax: £7,540.00 (calculated on the taxable income).
National Insurance Contributions: £9,178.52 annually.
Net Income (After Tax and National Insurance): £103,395.98 annually, £8,616.33 monthly, and approximately £283.28 daily.

What would the impact of student loans be on £179000 after tax in the UK?

Plan 1: The payment threshold is £21,165.00. Therefore, under plan 1, there would be a deduction of £14,205.15.
Plan 2: The payment threshold is £27,295.00. Therefore, under plan 2, there would be a deduction of £13,653.45.
Plan 4: The payment threshold is £26,575.00. Therefore, under plan 4, there would be a deduction of £13,718.25.
Postgraduate Loan: The payment threshold is £21,000.00. Therefore, under a postgraduate loan scheme repayment, there would be a deduction of £14,220.00.



What kind of roles make £179000 in the UK?

1. Consultant Surgeon: A Consultant Surgeon in the UK is responsible for leading surgical teams, performing surgeries, and providing pre- and post-operative care to patients. They often specialize in specific areas such as orthopedics, neurosurgery, or plastic surgery.

2. Chief Financial Officer (CFO): A CFO is responsible for overseeing the financial operations of a company. This includes managing financial planning, budgeting, reporting, and financial risk management. They also play a key role in strategic decision-making and financial strategy.

3. Investment Banker: Investment bankers in the UK work with corporate clients to provide financial and strategic advice on mergers and acquisitions, capital raising, and other financial transactions. They also analyze market trends and investment opportunities.

4. Airline Pilot: Airline pilots in the UK are responsible for flying and navigating aircraft, ensuring the safety of passengers and cargo, and adhering to aviation regulations. They may work for commercial airlines or private aviation companies.

5. Senior Software Engineer: Senior software engineers lead the development of complex software systems, design and implement new software products, and provide technical expertise to their teams. They may also be involved in architectural design and coding.

6. Legal Counsel at a Large Corporation: Legal counsels in large corporations provide legal advice on a wide range of issues including contracts, compliance, intellectual property, and corporate governance. They also represent the company in legal proceedings and negotiations.

7. University Professor: University professors in the UK conduct research, teach courses, and mentor students in a specific academic discipline. They also contribute to the academic community through publishing research and participating in conferences.

8. Senior Management Consultant: Senior management consultants provide strategic advice to organizations on improving their operations, managing change, and optimizing their business processes. They often work with senior leadership to drive business transformation.


Whether your salary is £179000 or £1790000, it's always important to help to stretch your salary across the month by adopting a careful budgetting strategy.

With an annual income of £179,000, it's essential to create a comprehensive budget to manage your finances effectively. Start by identifying your essential expenses, such as housing, utilities, groceries, and transportation. Allocate a specific portion of your income to cover these necessities.

After accounting for essential expenses, consider setting aside a significant portion for savings and investments. Planning for the future, including retirement savings and emergency funds, is crucial, even with a substantial income.

Additionally, budget for discretionary spending on leisure activities, dining out, entertainment, and hobbies. While it's important to enjoy your income, be mindful of overspending in these areas.

Regularly review and adjust your budget to ensure it aligns with your financial goals and lifestyle. Seek professional advice for tax planning and maximizing investment opportunities to make the most of your income.

Ultimately, maintaining a balanced budget and prudent financial management will help you make the most of your £179,000 annual income.


The other side of building long-term wealth for you and your family - other than budgetting and saving more - is earning more (ofcourse, usually easier said than done). Here are a few steps which could help you to do this by increasing your salary by a further £5000 in 2024:

1. Obtain a professional certification relevant to your field, such as project management or digital marketing, to increase your expertise and market value.
2. Improve your skills through short courses or workshops in areas like advanced Excel, negotiation techniques, or sales prospecting to make yourself more competitive in the job market.
3. Consider pursuing further education, such as a master's degree or MBA, to enhance your qualifications and open up higher-paying career opportunities.
4. Network with industry professionals through events, meetups, and online platforms to gain insights into potential job openings or freelance opportunities that offer higher pay.
5. Seek out mentorship or career coaching to receive guidance on strategies for negotiating higher salaries and navigating career advancement.
6. Develop a strong personal brand through LinkedIn or a personal website, showcasing your expertise and achievements to attract potential employers or clients willing to pay more.
7. Investigate job opportunities in high-paying industries or sectors, and consider relocating to areas with a higher cost of living where salaries tend to be more competitive.
8. Negotiate for raises or promotions at your current job by highlighting your contributions, value to the organization, and how your skills align with higher-paying roles.
9. Consider taking on additional responsibilities or projects at work that demonstrate your capability and worth, leading to potential salary increases or bonuses.
10. Keep abreast of industry trends and market demands, adjusting your skill set to match the needs of employers seeking individuals willing to pay a premium for sought-after expertise.


Keen to find out more about your earnings after tax in the UK, or anywhere else in the world? Check out the free salary calculator over at salarybueno.com.