Work out your pay after a raise
Type your pay and the raise as a percent, a new pay or an amount more, and see the change in every period.
- Runs on your device
- No sign-up
- Works offline after a visit
| Period | Now | After raise | Difference |
|---|
Before tax. Hourly pay uses your hours per week × 52 weeks.
How to work out a pay raise
- Choose the period your pay is quoted in, then type your pay and your hours.
- Pick a percent, a new pay or an amount more, and type that figure.
- Read the new pay, the change per hour, week, month and year, and the real change after inflation.
Questions
How is the percent worked out?
Raise % = (new pay ÷ old pay − 1) × 100. Going from 50,000 to 52,500 is 52,500 ÷ 50,000 − 1 = 5%. Type any one of the three forms and the other two follow from it.
Why is a raise below inflation a pay cut?
Prices rise too. Your buying power changes by (1 + raise) ÷ (1 + inflation) − 1. A 3% raise with 4% inflation gives 1.03 ÷ 1.04 − 1 = −0.96%: you can buy about 1% less than before, even though your pay went up.
Is the figure before tax?
Yes. Results are before income tax and other deductions. Tax rules differ by country and are not modelled here.
How is hourly pay converted?
Yearly pay = hourly rate × hours per week × 52. A monthly figure is the yearly figure ÷ 12, and a weekly figure is the yearly figure ÷ 52.
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