TLicense Posted November 9, 2005 Share Posted November 9, 2005 I've been offered a job with a pay rise. Does anyone know any sites that have a calculator that will tell me what my net (take home) salary will be. Cheers, Tony Link to comment Share on other sites More sharing options...
SimonB Posted November 9, 2005 Share Posted November 9, 2005 Is it Red Bull, everyone else seems to be going there atm... Link to comment Share on other sites More sharing options...
Clarkey Posted November 9, 2005 Share Posted November 9, 2005 An quick & dirty calculation but works for me for an approximate figure .. when I had a payrise. 1 - (Net pay / Gross pay) = % of tax Has worked for me. Use % of tax to take off to get your net pay for you new job. Link to comment Share on other sites More sharing options...
CJ Posted November 9, 2005 Share Posted November 9, 2005 An quick & dirty calculation but works for me for an approximate figure .. when I had a payrise. 1 - (Net pay / Gross pay) = % of tax Has worked for me. How is that calculation going to help him work out what his net pay will be given that he only knows his gross salary? Link to comment Share on other sites More sharing options...
Fifty Posted November 9, 2005 Share Posted November 9, 2005 Net pay will be approx 73% of gross hope that helps 52:respekt: Link to comment Share on other sites More sharing options...
Clarkey Posted November 9, 2005 Share Posted November 9, 2005 How I did for my job ... say for example. Current monthly gross pay = (£30,000 /12) £2500 Current monthly net pay = £1765 1 - (£1765 / £2500) = %29.4 tax If the new job is £33000 annual gross. Montly gross pay = £2750 - (£2750 * 0.294) Aproximate Net salary = £1941.5 That worked for me when I changed jobs .. tho, I changed the figures The figure wasn't exact .. it was out by about £60 .. but it gave me a good idea of what to expect. Not saying it'll work for everyone .. Maybe I'm special! Link to comment Share on other sites More sharing options...
Fifty Posted November 9, 2005 Share Posted November 9, 2005 What did you do , double the gross:gayfight: not all tax anyhow also includes NI 52 Link to comment Share on other sites More sharing options...
michael parker Posted November 9, 2005 Share Posted November 9, 2005 AFAIK income tax is 22% of your wage. Link to comment Share on other sites More sharing options...
China Man Posted November 9, 2005 Share Posted November 9, 2005 work more tax more so average tax won't be accurate. 40% tax at higher band and if you old job is just below the band then any extra you earn will be 40% taxed ..... China Link to comment Share on other sites More sharing options...
China Man Posted November 9, 2005 Share Posted November 9, 2005 try this http://www.listentotaxman.com/index.php?calc=1&year=5&age=0&add=0&taxcode=&period=1&ingr=32000&Submit=Calculate Link to comment Share on other sites More sharing options...
TLicense Posted November 9, 2005 Author Share Posted November 9, 2005 Unfortunately (well kind of) I'm already paying 40% of some of my salary to the government. :thumbdown Nah it's not Red Bull, nor Red Bull 2. Nor Super Mario F1, I mean Super Aguri... If I take it, It should only take a few days to sort out and then I'll be able to tell all! Link to comment Share on other sites More sharing options...
tepster Posted November 9, 2005 Share Posted November 9, 2005 tell us now! i cant stand the suspense Link to comment Share on other sites More sharing options...
TrickTT Posted November 10, 2005 Share Posted November 10, 2005 Net salary= bare minimum you need to survive - £10.00 Link to comment Share on other sites More sharing options...
how_supra Posted November 10, 2005 Share Posted November 10, 2005 Try this aswell: Just type in your annual salary and it will work out the rest. Damn accurate. Salary Calculator Link to comment Share on other sites More sharing options...
bromy Posted November 11, 2005 Share Posted November 11, 2005 Bar? Link to comment Share on other sites More sharing options...
Branners Posted November 12, 2005 Share Posted November 12, 2005 Bar? well if you're asking mines I pint and some nuts its a real git working out the net salary as you need to take in to account the NI payments as well, just ask your prospective employer what the net would be assuming you are on a standard tax code. JB Link to comment Share on other sites More sharing options...
Class One Posted November 12, 2005 Share Posted November 12, 2005 What about pension contributions? Or don't you youngersters worry about that? I pay 11% of my salary in pension contributions. Link to comment Share on other sites More sharing options...
Paul Posted November 12, 2005 Share Posted November 12, 2005 What about pension contributions? Or don't you youngersters worry about that? You're sounding old now, but right though. I've paid into firms pensions for years, since I was about 18 (39 now). I've got mates though that still haven't paid a penny into one, seems silly to me? Better to get used to paying out an amount and treat it as part of your deductions. Paul Link to comment Share on other sites More sharing options...
how_supra Posted November 12, 2005 Share Posted November 12, 2005 What about pension contributions? Or don't you youngersters worry about that? I pay 11% of my salary in pension contributions. I have to be 25 to qualify for my companies pension scheme :thumbdown Still paying of my UNI debt, and I want to buy a house. Otherwise I would love to have a private pension, but its just not feasible. Link to comment Share on other sites More sharing options...
Branners Posted November 12, 2005 Share Posted November 12, 2005 What about pension contributions? Or don't you youngersters worry about that? I pay 11% of my salary in pension contributions. pension is taken before tax so its an easy calculation to make, just take off the net whatever you plan to pay in to a pension scheme. I have had a personal pension running since I was 21 and will pay in to a company one if it looks good enough. JB Link to comment Share on other sites More sharing options...
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