Compare common raise scenarios
See how 3%, 5% and 10% raises compare with the salary you entered.
| Raise | Annual pay | Monthly pay | Weekly pay | Hourly pay | Extra per month |
|---|
Free salary calculator
Pay Raise Calculator
Calculate your new salary after a percentage or fixed pay increase. See the impact on your annual, monthly, weekly and hourly gross pay instantly.
Your results will appear here
Enter your pay details and calculate your raise.
Your results
Gross pay estimate before tax and deductions.
Old annual pay
£40,000.00
→
New annual pay
£42,000.00
Annual increase
£2,000.00
Percentage change
5.00%
That is approximately
+£166.67 per month
Annual
£42,000.00
up £2,000.00
Monthly
£3,500.00
up £166.67
Weekly
£807.69
up £38.46
Hourly
£21.54
up £1.03
Percentage raise formula
Multiply your current annual pay by the raise percentage, then add the increase.
New pay = Current pay × (1 + Raise % ÷ 100)
Fixed raise formula
Add the fixed annual increase directly to your current annual pay.
New pay = Current pay + Fixed annual increase
How the pay raise calculator works
The calculator converts your current pay into an annual figure, applies the raise, then converts the result into multiple pay periods.
1
Enter your current pay
Choose annual, monthly, weekly or hourly pay and enter your current gross amount.
2
Choose the raise type
Calculate a percentage raise or add a fixed annual increase.
3
Review the impact
Compare annual, monthly, weekly and hourly pay before and after the raise.
Pay raise examples
These examples show how percentage and fixed increases affect different types of pay.
A
5% raise on a £40,000 salary
A 5% increase adds £2,000 per year, producing a new annual salary of £42,000 before tax and deductions.
B
£2,500 fixed annual increase
A fixed increase of £2,500 on a £35,000 salary produces £37,500 per year, or approximately £208.33 more per month.
C
Hourly pay increase
A worker earning £15 per hour for 37.5 hours a week earns about £29,250 per year. A 5% raise increases the hourly rate to £15.75.
Pay raise versus bonus
A pay raise normally increases your ongoing base pay. A bonus is usually a one-off payment and may not affect future monthly or hourly earnings.
Gross pay versus take-home pay
This calculator estimates gross pay. Tax, pension contributions, social insurance, benefits and payroll deductions determine your actual take-home pay.
Frequently asked questions
How do I calculate a pay raise?
For a percentage raise, multiply your current annual pay by the raise percentage and add the increase to the original pay. For example, a 5% raise on £40,000 adds £2,000 and produces a new annual salary of £42,000.
Can I enter a fixed amount instead of a percentage?
Yes. Choose “Fixed annual amount” and enter the total annual increase. The calculator will then show the equivalent monthly, weekly and hourly change.
Does this include tax deductions?
No. The results are gross pay estimates before income tax, social insurance, pension contributions, benefits and other deductions.
What if I get paid hourly?
Select Hourly, enter your current hourly rate and your average weekly hours. The calculator assumes 52 weeks per year.
Why might my payslip show a different amount?
Payroll timing, unpaid leave, bonuses, overtime, pension contributions, taxes and other deductions can cause your actual payslip to differ from this estimate.