Pay Raise Calculator
Find your new salary and the extra pay you get from a raise.
New yearly salary
Increase per year
Increase per month
The formula
New salary = current salary x (1 + raise / 100). The extra pay each year is salary x raise / 100.
Example: a 4% raise on 50,000 gives 52,000, which is 2,000 more a year or about 166.67 more a month before tax.
Frequently asked questions
Are raises taxed more?
No. The extra pay is taxed like the rest of your income, though part of it may fall in a higher band.
What is a typical raise?
It varies by job and year. Compare it with inflation to see if your buying power grew.
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Last updated October 2026. For information only, not financial advice.