What £77000 after tax in the UK really means in 2024

What is £77000 after tax UK?

For an annual income of £77,000.00 in the UK for the tax year 2023/2024, the breakdown is as follows:

Taxable Income: £64,430.00 (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: £5,863.52 annually.
Net Income (After Tax and National Insurance): £52,904.48 annually, £4,408.71 monthly, and approximately £144.94 daily.

What would the impact of student loans be on £77000 after tax in the UK?

Plan 1: The payment threshold is £21,165.00. Therefore, under plan 1, there would be a deduction of £5,025.15.
Plan 2: The payment threshold is £27,295.00. Therefore, under plan 2, there would be a deduction of £4,473.45.
Plan 4: The payment threshold is £26,575.00. Therefore, under plan 4, there would be a deduction of £4,538.25.
Postgraduate Loan: The payment threshold is £21,000.00. Therefore, under a postgraduate loan scheme repayment, there would be a deduction of £5,040.00.



What kind of roles make £77000 in the UK?

1. Software Development Manager - responsible for leading a team of software developers, coordinating project timelines, and ensuring the successful delivery of high-quality software products.

2. Marketing Director - responsible for developing and implementing marketing strategies, managing a team of marketing professionals, and driving business growth through effective marketing campaigns.

3. Senior Financial Analyst - responsible for analyzing financial data, preparing financial reports, and providing insights to support business decision-making.

4. Human Resources Manager - responsible for overseeing all aspects of the HR function including recruitment, employee relations, performance management, and organizational development.

5. Engineering Project Manager - responsible for managing engineering projects, coordinating resources, and ensuring that projects are completed on time and within budget.

6. Sales Director - responsible for setting sales targets, developing sales strategies, and leading a sales team to achieve revenue goals.

7. Medical Consultant - responsible for providing expert medical advice and treatment to patients, as well as keeping up to date with the latest medical developments and research.

8. Senior Lawyer - responsible for providing legal advice, representing clients in court, and overseeing legal processes for corporate or individual clients.

These are just a few examples of jobs in the UK that typically command a salary of £77,000. Each of these roles comes with its own set of responsibilities and demands a high level of expertise in their respective fields.


Whether your salary is £77000 or £770000, it's always important to help to stretch your salary across the month by adopting a careful budgetting strategy.

You're earning a healthy income, but it's important to manage it wisely. Here's some budgeting advice:

1. Set clear financial goals: Determine what you want to achieve with your money, whether it's buying a house, saving for retirement, or going on a dream vacation.

2. Create a detailed budget: Track your income and expenses to understand where your money is going. Allocate a portion of your income to essential expenses, savings, and discretionary spending.

3. Prioritize saving and investments: Aim to save at least 20% of your income and consider investing in tax-efficient accounts such as ISAs and pensions.

4. Minimize debt: If you have any outstanding debt, focus on paying it off strategically, starting with high-interest debts.

5. Live within your means: Avoid the temptation to overspend just because you have a higher income. Be mindful of your spending and differentiate between needs and wants.

6. Review and adjust regularly: Regularly review your budget and financial goals to ensure that you're on track. Make adjustments as necessary to accommodate any changes in your income or expenses.


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. Invest in Further Education: Consider enrolling in a certification or diploma program relevant to your industry, boosting your skills and credentials to qualify for higher-paying positions.

2. Negotiate a Raise: Equip yourself with the knowledge of industry standards and confidently discuss your accomplishments and value to propose a salary increase with your current employer.

3. Change Jobs: Explore job opportunities in your field that offer better salary packages, leveraging your experience and expertise for a higher-paying position.

4. Enhance Networking Skills: Connect with professionals in your industry through networking events, conferences, and online platforms to discover potential career opportunities that offer higher salary prospects.

5. Develop Leadership Skills: Acquire leadership training and take on additional responsibilities at work to position yourself for promotions and higher-paying roles.

6. Leverage Performance Reviews: Utilize feedback from performance reviews to identify areas for improvement and leverage this insight to enhance your skillset and work towards a higher-paying position.

7. Explore Freelance or Side Gigs: Consider utilizing your skills to take on freelance projects or part-time work that can supplement your income and contribute to reaching your salary goal.

8. Seek Mentorship: Connect with experienced professionals in your field who can provide guidance on career advancement strategies and offer insight into opportunities for increasing your salary.

9. Stay Informed about Industry Trends: Continuously educate yourself about market trends, new technologies, and industry developments to adapt your skillset and remain a competitive candidate for higher-paying roles.

10. Financial Planning: Invest in financial planning courses or seek advice from professionals to manage your finances effectively, potentially freeing up resources to invest in opportunities that can increase your earnings.


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.