See exactly what a pay rise means. Enter your current salary and either the new salary, a percentage raise, or a fixed increase. You get the new pay and the raise in money and percent, side by side, for a year, a month, a week and an hour. All figures are gross (before tax).
A raise can be described in three ways: a brand-new salary figure, a percentage, or a fixed amount of money. They all describe the same thing. This tool lets you enter whichever one you were given and fills in the rest.
Example. You earn 50,000 a year and are offered 55,000. That is a 5,000 rise, which is 10%. Per month, 50,000 ÷ 12 ≈ 4,167 becomes 55,000 ÷ 12 ≈ 4,583.
Another way: 2,000 a month with a 10% raise becomes 2,200 a month.
These figures are before tax. A 10% rise in gross pay does not always mean 10% more in your bank account, because tax can take a bigger share of the extra. To turn a yearly salary into an hourly rate and back, see the Salary to Hourly Calculator.
If prices rise 6% in a year and your pay rises 4%, you can actually buy a little less than before. It is worth comparing your raise with inflation where you live, not just looking at the number on its own.
No. These are gross figures, before tax and deductions. Your take-home pay depends on your country, tax code and other deductions, which this tool does not try to guess.
The raise percentage is the increase divided by the old salary, times 100. Going from 50,000 to 55,000 is a 5,000 increase, which is 5,000 ÷ 50,000 = 10%.
Everything is converted to a yearly amount first: monthly × 12, every-two-weeks × 26, weekly × 52, and hourly × hours per week × 52. The yearly amount is then split back into each period.
Only to show an hourly rate. A yearly salary alone does not say how many hours it covers, so without your hours per week an hourly figure would be a guess. If you leave it blank, the hourly line is simply hidden.
Yes. If the new salary is lower, the increase and percentage are shown as negative, so you can see the size of the cut.
A calculator gives you one answer. A cashbook shows you the whole picture: write down cash in and cash out, see where the money goes in charts and on a calendar, and share a ledger with your family, team or friends.
This takes a few seconds.
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