Income Tax
Tax rates and bands are usually updated every April. The 2023/24 tax bands and rates are as follows:

Rate	Threshold from April 2023 (£)	Percentage
Basic	37,700	20
Higher	37,701 to 125,140	40
Additional	Over 125,140	45

In addition, there is an allowance, below which no tax is deducted. The current (April 2023) basic personal allowance is £12,570. If you are coming from abroad or you do not have a current P45, you will be taxed without any allowances until we receive notification from HMRC of your allowance code.
Please note that tax is applied on a cumulative basis every month; you do not earn £12,570 without paying any tax at all, rather the allowance is spread equally over the year.
If you decide to join one of the University’s pension schemes or are auto-enrolled into a pension scheme, then tax is applied to your pay after your pension contribution has been deducted.

(HMRC have a website that gives a useful overview of UK tax)

National Insurance
National Insurance rates are usually updated every April. The current (April 2022) NI rates and bands are as follows:

Earnings limits per month	Employee's contribution
Up to £1,048	0%
£1,049 to £4,189	12% (10% from Jan 24)
Over £4,189	2%

Please note that NI is not cumulative, if you earn in excess of £1,048 any month, you will pay NI on the amount above that.

Pension
The University of Warwick operates 2 pension schemes: if you are grade FA4 or below you may join or be auto-enrolled into University of Warwick Heritage Defined Contributions scheme, above this grade you may join or be auto-enrolled into USS.
The current contribution rates are:

Scheme	Contribution rate as at 01/04/22 (%)
UWPS (Defined Benefits Scheme) not available to new starters	5.5
Heritage Defined Contributions Scheme	3,4 or 5
Heritage Defined Contributions Scheme (auto-enrollment)	3
USS	9.8 (6.1 from Jan 24)

Take-home pay
An individual’s monthly take-home pay will obviously depend upon their individual circumstances. As a very general guidance based on the basic personal allowance your take-home pay on the following salaries would be approximately:

Salary (£)	Gross pay per month (£)	Tax (£)	NI(£)	Pension (£)	Take-home pay (£)
30,000 (opted out of a pension scheme)	2,500	291	175	0	2,034
30,000 (in pension scheme)	2,500	242	207	245	1,806
50,000 (opted out of a pension scheme)	4,167	619	375	0	3,173
50,000 (in pension scheme)	4,167	456	322	408	2,981
80,000(opted out of a pension scheme)	6,667	1,619	427	0	4,621
80,000 (in pension scheme)	6,667	1,358	413	653	4,243