See exactly how much more you'll earn from a salary raise — broken down by year, month and hour.
A 5% raise on $70,000 adds $3,500/year, $292/month, or
This calculator earns its keep at decision points: before accepting a loan, comparing investment platforms, or negotiating salary. The difference between the headline figure and the true cost or return is only visible with accurate arithmetic.
A frequent error is using annual rates where monthly rates are required (or vice versa). Simply dividing an annual rate by 12 is only an approximation — the correct conversion for compound calculations uses the (1 + r)^(1/12) − 1 formula.
An employee receives a counter-offer from another employer: a £4,000 salary increase but no pension contribution versus the current role's lower salary with 8% employer pension. Running both through the finance calculator shows the true net financial value of each offer.
3–5% is standard annual. 10–20% for promotions. Below inflation (3%) is effectively a pay cut.
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