British Army Pay 2024: How Much Do Soldiers Really Take Home?

British Army Pay Revealed: How Much Do Soldiers Really Take Home In 2024? The pay within the British Army and the wider UK Armed Forces varies depending on rank as does the amount of tax that they pay. But how much do the soldiers, sailors and aviators take home each month? How much does HMRC take form them? In this video I reveal the pay from the rank of private to the highest rank, General. You might be surprised at the numbers. If you are unsure of how taxes work, I give a brief summary of income tax, national insurance and the different rates and thresholds. I also reveal just how much our economy and public services are reliant on high income earners. Potentially some bitter pills for people to swallow. Support Me: Buy Me A Coffee - Referral Links: Octopus Energy (£50 sign up bonus) - TopCashBack (£10 sign up bonus) – Audible (30 day free trial) – Investment Brokers I Use: Vanguard – Etoro – Trading212 – Links: Check your tax code - Salary Calculator - AFPRB 2024 - Timecodes: 0:00 Intro 0:48 How does income tax (PAYE) work? 2:29 How does national insurance (NI) work? 3:55 How much is a British Army recruit paid in training? 5:13 How much does a British Army Private get paid? 5:42 How much does a British Army Lance Corporal get paid? 6:10 How much does a British Army Corporal get paid? 6:27 How much does a British Army Sergeant get paid? 6:51 How much does a British Army Staff Sergeant get paid? 7:14 How much does a British Army Warrant Officer Class 2 get paid? 7:32 How much does a British Army Warrant Officer Class 1 get paid? 7:57 How British Army Officer pay works. 8:09 How much is a British Army Officer Cadet paid in training? 8:28 How much does a British Army 2nd Lieutenant get paid? 8:47 How much does a British Army Lieutenant get paid? 9:06 How much does a British Army Captain get paid? 9:26 How much does a British Army Major get paid? 9:44 How much does a British Army Lieutenant Colonel get paid? 10:05 How much does a British Army Colonel get paid? 10:30 How much does a British Army Brigadier (1 Star) get paid? 10:57 How much does a British Army Major General (2 Star) get paid? 11:11 How much does a British Army Lieutenant General (3 Star) get paid? 11:29 How much does a British Army General (4 Star) get paid? 12:06 How much is the Chief of the Defence Staff (CDS) paid? 12:47 Some additional context and information 12:55 What is the median full-time income in the UK? 13:31 Total UK Government revenue for 2023. 13:53 How much tax does the top 1% of earners in the UK pay? 14:56 Final thoughts. 15:20 Outro Sources: #mean DISCLAIMER: The views and opinions expressed in this video are my own and do not necessarily reflect the views of the British Army or the Ministry of Defence. I am not a professional financial advisor and this video is not financial advice. Please do your own research before making any decisions with your money and seek professional financial advice if need be.