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    • grumbler
    • By grumbler 21st May 05, 10:46 PM
    • 50,597 Posts
    • 21,314 Thanks
    grumbler
    • #2
    • 21st May 05, 10:46 PM
    • #2
    • 21st May 05, 10:46 PM
    Payslip Calculator

    Rates and Allowances - Income Tax

    Rates and Allowances - National Insurance Contributions

    Briefly - Income tax:
    You do not pay income tax on first £4,895
    Then 10% on the first £2,090 over £4,895
    Then 22% on everithing else
    Pension contributions are not taxable (am not sure about NI).
    We are born naked, wet and hungry...Then things get worse.

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
    • Savvy_Sue
    • By Savvy_Sue 22nd May 05, 2:54 PM
    • 36,114 Posts
    • 32,268 Thanks
    Savvy_Sue
    • #3
    • 22nd May 05, 2:54 PM
    • #3
    • 22nd May 05, 2:54 PM
    I'm sure grumbler's links will be more accurate, but if you want a quick and easy calculation I've always found that taking 25% off the gross salary gets roughly the right answer for tax and NI. I'm sure it wouldn't be right if you don't pay any tax at 22% or if you do pay any above 22%, but it works in the middle!

    It does depend on your tax code, of course. Look at your P45 and make sure you think it's right, if not then query it with your local tax office.
    I'm a Board Guide on the Cutting Tax; Charities; Small Biz & Charity Organisers; and Silver Savers boards, which means I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. However, do remember, Board Guides don't read every post. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com. It is not part of my role to deal with reportable posts.

    Any views are mine and are not the official line of moneysavingexpert.com

    New to the Forum? Why not watch the Guide?

    Still knitting! Aiming to finish this cardigan before I get my bus pass!
    • Sheel
    • By Sheel 22nd May 05, 6:37 PM
    • 44,652 Posts
    • 39,850 Thanks
    Sheel
    • #4
    • 22nd May 05, 6:37 PM
    • #4
    • 22nd May 05, 6:37 PM
    For National Insurance you don't pay anything on the first £404 in a month and then it's 9.4% on any more of your salary , less 83p rebate

    This is what my husband tells me as he has worked in salaries and wages for many years
  • fitterastra
    • #5
    • 22nd May 05, 7:45 PM
    • #5
    • 22nd May 05, 7:45 PM
    Hi

    £16.750 After tax and n.i works out to about £260 a week.

    So muliply this by 52 and take off 6%.

    Hope this helps
    • YorkshireBoy
    • By YorkshireBoy 22nd May 05, 8:31 PM
    • 27,188 Posts
    • 15,201 Thanks
    YorkshireBoy
    • #6
    • 22nd May 05, 8:31 PM
    • #6
    • 22nd May 05, 8:31 PM
    I put your details into a spreadsheet I use to check my payslip. However, I am in a group stakeholder pension scheme, so I think NI figures shown for your details may be innaccurate due to your contracted out pension.

    I believe this will mean you will "take home" slightly more than the bottom-line figures shown.

    Gross Pay.......................................... £16,753
    Pension contribution............................ £ 1,005.18
    Pay for tax purposes............................ £ 15,747.82
    Personal allowance...............................£ 4,895
    Taxable pay........................................£ 10,852.82
    Tax (10% on 1st £2,090 of taxable pay)...£ 209.00
    Tax (22% on rest of taxable pay)............£ 1,927.82
    Total tax............................................£ 2,136.82
    National Insurance...............................£ 1,322.31*
    *(Gross pay-(91x52))x11%

    Total Deductions.................................£ 3,459.13 (Pension + Tax + NI)
    Net pay.............................................£ 12,288.69 (£1,024.06/month**)

    ** This figure is based on salary paid monthly, although I am aware that some Local Government jobs are paid 4 weekly. If yours is 4 weekly, divide the annual figure by 13 (strictly speaking should be divided by 365 [or 366 in a leap year] and multiplied by 28).

    Figures are illustrative only - don't make any decisions based on them!
    • EMcG
    • By EMcG 23rd May 05, 2:26 PM
    • 156 Posts
    • 56 Thanks
    EMcG
    • #7
    • 23rd May 05, 2:26 PM
    • #7
    • 23rd May 05, 2:26 PM
    try this

    http://www.i-resign.com/uk/financialcentre/tax_calculator.asp
    • Poppy9
    • By Poppy9 23rd May 05, 2:33 PM
    • 17,928 Posts
    • 22,238 Thanks
    Poppy9
    • #8
    • 23rd May 05, 2:33 PM
    • #8
    • 23rd May 05, 2:33 PM
    If you were previously unemployed you should get a tax rebate for April and part of May as the tax is worked out on your annual salary but you won't earn the full whack before next March.

    Also if you are LG staff you might want to think about joining a union. Most staff are members of Unison - subs are based on your salary.
    ~Laugh and the world laughs with you, weep and you weep alone.~
    • Sheel
    • By Sheel 23rd May 05, 6:33 PM
    • 44,652 Posts
    • 39,850 Thanks
    Sheel
    • #9
    • 23rd May 05, 6:33 PM
    • #9
    • 23rd May 05, 6:33 PM
    Hi

    £16.750 After tax and n.i works out to about £260 a week.

    So muliply this by 52 and take off 6%.
    by fitterastra
    My husband says this is probably incorrect as 6% pension comes off before tax is calculated , but also you may have worked out NI at 11% , but it would be 9.4% for contracted out NI
    • Rave
    • By Rave 25th May 05, 4:48 PM
    • 496 Posts
    • 129 Thanks
    Rave
    I'm on almost exactly that wage (to within £100 p/a) and I take home £1055 a month- that's after paying £11 union subs and my Civil Service pension contributions which I believe is about £40 a month. Anyway you should be getting somewhere between £1000 and £1100 a month, slightly more this year if you've not worked between the start of this financial year and now.
    • Poppy9
    • By Poppy9 25th May 05, 5:13 PM
    • 17,928 Posts
    • 22,238 Thanks
    Poppy9
    I'm sure grumbler's links will be more accurate, but if you want a quick and easy calculation I've always found that taking 25% off the gross salary gets roughly the right answer for tax and NI. I'm sure it wouldn't be right if you don't pay any tax at 22% or if you do pay any above 22%, but it works in the middle!

    It does depend on your tax code, of course. Look at your P45 and make sure you think it's right, if not then query it with your local tax office.
    by Savvy_Sue
    For all the intricate calculations Savvy Sue's ready reckoner was the quickest, easiest and pretty darn accurate method.

    I always use this method when OH wants to know how much o/t he will actually bring home. I always tell him it'll be 75% but he still asks all the blooming time. Men :confused:
    ~Laugh and the world laughs with you, weep and you weep alone.~
    • payless
    • By payless 25th May 05, 5:33 PM
    • 6,573 Posts
    • 2,335 Thanks
    payless
    I was looking for something similiar - foundhttp://www.netpaydue.com/20052006/jsp/HomePage/quickcalgross.jsp for different NI calculations, but no pension box
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
    • Savvy_Sue
    • By Savvy_Sue 25th May 05, 10:28 PM
    • 36,114 Posts
    • 32,268 Thanks
    Savvy_Sue
    For all the intricate calculations Savvy Sue's ready reckoner was the quickest, easiest and pretty darn accurate method.
    by Poppy9
    I'm delighted to hear it. It is of course also the ONLY method I am capable of taking in! And it has the merit that if you get a little bit more it's a nice surprise, and if you get a little bit less, then ho hum but you knew it wouldn't be 100% accurate!
    I'm a Board Guide on the Cutting Tax; Charities; Small Biz & Charity Organisers; and Silver Savers boards, which means I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. However, do remember, Board Guides don't read every post. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com. It is not part of my role to deal with reportable posts.

    Any views are mine and are not the official line of moneysavingexpert.com

    New to the Forum? Why not watch the Guide?

    Still knitting! Aiming to finish this cardigan before I get my bus pass!
  • missfrugal82
    hi there,

    probably this question has been answered already go to:
    http://www.thesalarycalculator.co.uk/salary.php
    i have found it to be 100% accurate to date, it takes into account student loan, pension etc
    • Numpty Monkey
    • By Numpty Monkey 22nd Feb 09, 12:30 PM
    • 13,384 Posts
    • 29,758 Thanks
    Numpty Monkey
    This one seems to be pretty good for me
    http://listentotaxman.com/
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying . Of all the peeps on this board you're the kindest & most supportive of all & I'm & for you all at the same time :confused: .Wish I was there to give you a big & emergency hobnobs
    xx
    DFD 5/1/16
  • tinkerbell84
    hi there,

    probably this question has been answered already go to:
    http://www.thesalarycalculator.co.uk/salary.php
    i have found it to be 100% accurate to date, it takes into account student loan, pension etc
    Originally posted by missfrugal82
    interesting first post :rolleyes:

    i expect the OP of the thread has received at least 1 payslip since May 2005 and so this will have been answered
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