Teacher Salary Calculator
Want to compare your current take-home pay to that of a job outside of teaching? Our calculator will quickly show you.
Teacher Salary Comparison Calculator
| Teacher Salary | Comparison salary | Difference | |
|---|---|---|---|
| Gross Income £ | 0 | 0 | 0 |
| Pension Deductions £ | 0 | 0 | 0 |
| Gross Tax Basis £ | 0 | 0 | 0 |
| Tax £ | 0 | 0 | 0 |
| National Insurance £ | 0 | 0 | 0 |
| Student Loan Repayment | 0 | 0 | 0 |
| Net Annual Take Home Pay £ | 0 | 0 | 0 |
| Net Monthly Take Home Pay £ | 0 | 0 | 0 |
| Net Weekly Take Home Pay £ | 0 | 0 | 0 |
| Net Daily Take Home Pay £ | 0 | 0 | 0 |
DISCLAIMER: We hope you find the information on our website and salary calculator useful. The contents of this calculator are for general, informational purposes only and do not constitute financial or investment advice. The accuracy of the calculator is also subject to the accuracy of the information provided by the user. We cannot guarantee that the figures generated will be correct so no warranty, express or implied, is given as to its accuracy and we do not accept liability for an error or omission. Insofar as it is possible under the law, we cannot accept liability for any loss suffered by anyone relying on the information in this calculator. You should not rely on any information provided by the calculator. If you need more details on finances or investing or need financial or investment advice about what action to take, please contact a suitably qualified professional.
We try to ensure that the information in our calculator is always correct and it will be updated accordingly but due to changes in tax, national insurance, student loan repayments, pension contributions and other financial factors it can become out-of-date very quickly. Please note the April 6th 2024 NI change has been actioned.
What is the Those Who Can Salary Calculator?
The Those Who Can Salary Calculator allows you to see a breakdown of your current teacher salary and how it compares to the salary of a different job in or outside of education. It takes into account, pension contributions and student loan repayment plans. It will help you to gain clarity over whether a different role will give you the financial security that you need. Used in conjunction with the Those Who Can Budget Excel spreadsheet.
How does the Those Who Can Salary Calculator work?
Our salary calculator has been designed to make your take-home pay simple. All you have to do is simply enter your gross salary, pension contribution and whether you have a student loan plan and the calculator will do the rest. It takes into account personal allowance, tax brackets and national insurance contributions. If you want to explore what your take-home pay would be like in a second job then it can quickly show you the difference between your teacher earnings and those you would receive in a different career.
What factors can affect how much you are paid as a teacher?
Working out teacher salaries can be quite complicated, because of the numerous factors that need to be considered. These factors include:
- School Region – Teachers are paid differently depending on the region in which they teach, such as Inner London, Outer London, The Fringe & England, and Wales.
- Pay Scales – If you work in a maintained school, you’ll be paid according to a nationally agreed scale. Whilst academies and independent schools may have their own internal pay scales they are normally comparable.
- Student Loan Repayments – Depending on when you studied and where you originally came from, you’ll be required to make different payments to pay off your student loans.
- Pension Contributions – The percentage of your salary that you add to your pension pot.
How do I know my pension contributions?
These should be listed on your pay slip but the teacher pension contribution rates from April 1st 2023 are as follows;
| Salary thresholds | Contribution |
|---|---|
| Up to £34,289.99 | 7.4% |
| £34,290 to £46,158.99 | 8.6% |
| £46,159 to £54,729.99 | 9.6% |
| £54,730 to £72,534.99 | 10.2% |
| £72,535 to £98,908.99 | 11.3% |
| £98,909.00 and above | 11.7% |
Source: www.teacherpensions.co.uk
How do I know my student loan repayment plan?
The repayment plan you are on depends on when you studied and also where you were originally from. It may be possible for you to be on two plans but unfortunately our calculator doesn’t cater for such a situation. The repayment rates for the different plans are shown below;
| Criteria | Plan | Threshold | Repayment |
|---|---|---|---|
| If you started your course before 1st September 2012. If you started your course before 1st September 2012 with Student finance Wales. | Plan 1 | £22,015 | 9% |
| If started your course between 1st September 2012 and 31st July 2023. | Plan 2 | £27,295 | 9% |
| If you applied for finance through the Student Awards Agency Scotland. | Plan 4 | £27,660 | 9% |
| If you started your course after 1st August 2023. | Plan 5 | £25,000 | 9% |
| Please note this is not applicable to PGCE. | Postgraduate Loan | £21,000 | 6% |