MultiSwitch
SEARCH
MultiSwitch
Know your raise percentage? Work out your new salary below.
Or work out the raise % between two salaries:
Whether you're weighing up an offer, preparing for a salary review or checking a payslip, it helps to see a raise both ways: as a percentage, which is how employers usually frame it, and as an actual amount, which is what lands in your account. This calculator works in either direction.
Divide the annual difference by 12 for a monthly figure, 26 for fortnightly or 52 for weekly. Results are gross (before tax), so your take-home increase will be smaller.
A 4% raise on $60,000: 60,000 × 1.04 = $62,400. That's $2,400 a year, $200 a month or about $92 a fortnight before tax.
Going from $55,000 to $58,300: (58,300 − 55,000) ÷ 55,000 × 100 = 6%.
If prices rose 3% over the year, a 4% raise only lifts your buying power by about 1%. A raise below inflation is a pay cut in real terms. Compare against the latest consumer price index (CPI) figure, or use the Inflation Calculator.
It depends on your tax bracket and deductions such as KiwiSaver, pension or student loan repayments. Part of a raise may be taxed at a higher marginal rate. The Take-Home Pay and Marginal Tax Rate calculators can estimate the after-tax difference.
It varies by country, industry and the economy. Cost-of-living adjustments often follow inflation, while promotions or changing jobs tend to bring much larger jumps. Check current salary surveys for your field.
The same way: new rate = old rate × (1 + raise % ÷ 100). To compare with a salary, multiply the hourly rate by your yearly paid hours (e.g. 40 × 52 = 2,080).
Slightly more. Raises compound: 1.05 × 1.05 = 1.1025, so two 5% raises add up to 10.25%.