£29,000 After Tax (£29k): Take-Home Pay in 2026/27

On a £29,000 salary you take home £24,400 a year in 2026/27 — £2,033.30 a month or £469.22 a week — after £3,286 income tax and £1,314 National Insurance. That assumes tax code 1257L, England, Wales or Northern Ireland, and no pension or student loan; the tables below add each of those.

Updated 2026-10-08 · HMRC 2026/27 rates and thresholds

£29,000 take-home pay by period

How the tax on £29,000 is calculated

£29,000 sits entirely in the basic-rate band: everything above £12,570 is taxed at 20% and NI is 8%, so each extra pound you earn is taxed at 28%. You can earn another £21,270 before reaching the 40% higher rate.

£29k take-home pay: just under the Plan 2 threshold

£29,000 is 26% below the UK full-time median of £39,039. After tax and National Insurance you keep £24,400 a year, which is £2,033.30 a month, £469.22 a week or £93.84 a working day.

The most important number near £29k is the Plan 2 student loan threshold of £29,385. You are £385 below it, so a Plan 2 graduate (most people who started an undergraduate course in England or Wales between September 2012 and July 2023) repays nothing. Once your pay passes the threshold, each extra pound loses 9% to the loan on top of 20% tax and 8% NI. A rise to £30,000 adds £665 a year for a Plan 2 borrower, compared with £720 for someone without a loan; the difference is the £55 first repayment. Plan 1 (£189 a year) and Plan 5 (£360) are already being collected at £29k.

Your marginal rate is 28% without a loan and 37% on Plan 1. In Scotland the 21% intermediate band starts at £29,526, just above this salary, so a Scottish taxpayer on £29,000 pays no more than 20% on any slice and takes home £40 a year more overall.

£29,000 after tax in Scotland

Scottish taxpayers pay Scottish income tax rates on earnings. On £29,000 that is £3,246 of income tax compared with £3,286 elsewhere in the UK, so take-home pay is £2,036.61 a month (£3.31 more than in England).

£29,000 after tax with a student loan

Student loans are repaid at 9% of earnings above each plan's threshold (6% for postgraduate loans).

£29,000 after tax with a pension

Auto-enrolment requires at least 5% from you and 3% from your employer on qualifying earnings (£6,240 to £50,270) — for you that is £1,138 and £683 a year. Salary sacrifice also saves National Insurance, so it costs less in take-home pay than relief at source.

£29,000 after tax: 2025/26 vs 2026/27

With income tax thresholds frozen, the same salary pays the same tax and NI this year. A pay rise that only matches inflation therefore leaves you slightly worse off in real terms.

£29,000 after tax on different tax codes

Your tax code tells your employer how much tax-free pay to give you. A wrong code is the most common reason a payslip differs from the figures above — check yours on your payslip or in the HMRC app.

A typical £29,000 monthly payslip

With a 5% workplace pension (relief at source) and a Plan 2 student loan, the most common setup for graduates in England:

Bonus on £29,000: how much you keep

£29,000 pro rata: part-time take-home

Part-time jobs are often advertised at the full-time equivalent (FTE) salary. Because the Personal Allowance is not pro-rated, working fewer days lowers your tax by more than your pay.

What your tax band means on £29,000

• Savings: as a basic-rate taxpayer your Personal Savings Allowance is £1,000 of interest a year. ISAs stay tax-free whatever you earn.
• Dividends above the £500 allowance are taxed at 10.75% at your band.
• Capital gains above the £3,000 exemption are taxed at 18% up to your unused basic-rate band (£21,270) and 24% above it.
• Pension tax relief: 20% relief is added automatically — a £1,000 pension contribution costs you £800 (or less through salary sacrifice).
• Marriage Allowance: if your partner earns under £12,570 they can transfer £1,260 of allowance to you, cutting your tax by up to £252 a year.
• Child Benefit: you keep it all — the High Income Child Benefit Charge only starts at £60,000.
• Tax-Free Childcare and 30 hours: available while each parent’s adjusted net income stays at or below £100,000.

What £29,000 costs your employer

Your employer pays 15% National Insurance on earnings above £5,000 — £3,600 a year on £29,000 — plus at least 3% auto-enrolment pension (£683). The total cost of employing you is about £33,283, of which you take home 73%. A salary-sacrifice pension also cuts the employer's NI bill.

How £29,000 compares

• UK earnings: the median full-time salary is £39,039 (April 2025, ONS). £29,000 is £10,039 below it.
• Hourly rate: £14.87 on a 37.5-hour week (£13.94 on 40 hours) — 1.17× the National Living Wage of £12.71.
• A £1,000 pay rise to £30,000 adds £720 a year, or £60.00 a month.
• Effective tax rate: 15.9% of your salary goes on income tax and NI, while your top rate on extra earnings is 28%.

Nearby salaries: £28,000 after tax (£1,973.30/month) · £30,000 after tax (£2,093.30/month). Every salary from £15,000 to £200,000 is in the salary after tax table.