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Net Pay is the amount you actually receive into your bank account after all necessary deductions have been made.

Net Pay is the figure after National Insurance Contributions and Pay As You Earn Taxes et al have been deducted from your Gross Pay.

Ne Pay is also referred to as 'Take Home Pay' as it is the actual money you receive in your bank after all deductions have been made, therefore it is the money you take home rather than the actual salary you earn.

You can calculate your Net Pay using one of our PAYE and Tax calculators below: