Salary - take home
10-08-2005, 11:55 AM
#6
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to work it out precisely though we will need
1. Your monthly salary.
2. Your Tax code
3. Your DOB (incase your a pensioner)
I can give you a pretty precise answer then.
1. Your monthly salary.
2. Your Tax code
3. Your DOB (incase your a pensioner)
I can give you a pretty precise answer then.
10-08-2005, 12:05 PM
#7
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ur salery take away about 4500. then take off 25% of ur new figure.
then add the 4500 back on.
devide that by 12 for ur monthly salery (take home)
im sure thats how some 1 told me once. its coz u can earn about 4500 a year with out getting taxed.
dunno if that inclues national insurance as well though
then add the 4500 back on.
devide that by 12 for ur monthly salery (take home)
im sure thats how some 1 told me once. its coz u can earn about 4500 a year with out getting taxed.
dunno if that inclues national insurance as well though
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10-08-2005, 12:23 PM
#8
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If you're under the 40% tax bracket it usually works out around 25% depending upon your tax code.
If you PM me your info, I'll work it out for you - I used to be an Accountant
If you PM me your info, I'll work it out for you - I used to be an Accountant
10-08-2005, 12:34 PM
#12
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Originally Posted by Porkie
Originally Posted by SapphyMike
tax is approx 22p in the pound.
10-08-2005, 12:34 PM
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10-08-2005, 12:38 PM
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Originally Posted by Da Booga
Still comes out to 24.something % though, or, a quater
10-08-2005, 01:50 PM
#18
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http://www.i-resign.com/uk/financial...calculator.asp
Works out your pre-tax pay, how much tax and NI you should be paying, then gives you your take-home pay per week/month/year...
Works out your pre-tax pay, how much tax and NI you should be paying, then gives you your take-home pay per week/month/year...
10-08-2005, 02:26 PM
#22
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Dont even start me off on Stealth Tax
If you earn more than the 40% Bracket by £1000
You will pay
400 Tax
10 Aditional NI due to the 1% extra once you reach certain level
That leaves £590
Spend £100 on fuel
£30 Of that is DUTY
£17.50 is VAT
Pack of smokes another £3 to tax man
6 Pints anonther £8
then you think about your insurance costs (life house holiday car) all take anouther few %
so it works out to live you are taxed at around 80% FACT
If you earn more than the 40% Bracket by £1000
You will pay
400 Tax
10 Aditional NI due to the 1% extra once you reach certain level
That leaves £590
Spend £100 on fuel
£30 Of that is DUTY
£17.50 is VAT
Pack of smokes another £3 to tax man
6 Pints anonther £8
then you think about your insurance costs (life house holiday car) all take anouther few %
so it works out to live you are taxed at around 80% FACT
10-08-2005, 02:28 PM
#23
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nige - post on the party one. I need proof 
Oh and you need to work off the isle of man. I'm currently on 85% take home.. or at least I will be when they pay me!
Oh and you need to work off the isle of man. I'm currently on 85% take home.. or at least I will be when they pay me!
10-08-2005, 03:02 PM
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There's one more in the middle....
You pay tax on the money you put into a pension and then they tax you on it at the end!!!!! So essentially you get shafted twice
And yet people WANT to come to the UK?!
You pay tax on the money you put into a pension and then they tax you on it at the end!!!!! So essentially you get shafted twice
And yet people WANT to come to the UK?!
10-08-2005, 03:20 PM
#30
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Originally Posted by Westy
I hate this country
This is one seriously screwed country in many ways, and Blair is supposed to be FOR the people! Yeah, and like when was that then?!?
I'll leave it there as I could go on forever LOL
10-08-2005, 03:26 PM
#32
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Originally Posted by Turbosystems
you are better off as an imigrant you will get £500 net per week for signing some forms and doing foook all work which is a little more than the bowl of rice per week they are used to
A friend of mine recently had some people out to look at his car and they tried to give him a government cheque or whatever and he chased them off his property in anger!
Yet, if you or I were to become sick and weren't able to work (like I was a couple of years ago) you have to wait MONTHS before you get ANYTHING even though I'd been on the higher tax banding for ten years and never claimed a penny in my whole life! WTF???
10-08-2005, 04:03 PM
#38
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Originally Posted by Westy
im actually getting wound up reading some of this
We get seriously screwed over in a big way.. Ive nver really put much thought into it before.. Now I know why
We get seriously screwed over in a big way.. Ive nver really put much thought into it before.. Now I know why
Mr Blair - you can go and
10-08-2005, 04:08 PM
#40
why does the tax man call our wages gross it's because they take a gross amount off us to leave us our net lol.
Don't forget the next tax £1.38 per mile if you can still afford to drive the car you own.
Foook it best sign on now and have done with it
Don't forget the next tax £1.38 per mile if you can still afford to drive the car you own.
Foook it best sign on now and have done with it