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  • FIRST POST
    • biggarnut01
    • By biggarnut01 29th Nov 17, 1:59 PM
    • 3Posts
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    biggarnut01
    Salary & Tax Calculator
    • #1
    • 29th Nov 17, 1:59 PM
    Salary & Tax Calculator 29th Nov 17 at 1:59 PM
    Looking for guidance in the absence of getting through to HMRC.


    I've been offered a new employment opportunity which will have an annual salary plus cash allowance in place of a company car.


    I want to find the best means of calculating how much this new package will mean I will earn per month less tax so that I can compare this against what I currently earn after tax.


    I also live in Scotland and will need to check if different rules apply in Scotland compared to the rest of the UK.


    Any help would be appreciated.


    Thanks.
Page 1
    • RichardD1970
    • By RichardD1970 29th Nov 17, 2:55 PM
    • 2,709 Posts
    • 3,960 Thanks
    RichardD1970
    • #2
    • 29th Nov 17, 2:55 PM
    • #2
    • 29th Nov 17, 2:55 PM
    This, https://www.thesalarycalculator.co.uk/salary.php any good for you?
    • engineer amy
    • By engineer amy 29th Nov 17, 3:12 PM
    • 610 Posts
    • 1,112 Thanks
    engineer amy
    • #3
    • 29th Nov 17, 3:12 PM
    • #3
    • 29th Nov 17, 3:12 PM
    i use www.listentotaxman.com to calc take home pay


    Generally car allowance is just seen as additional income so added to salary and taxed (and NI) at the normal tax rates, with no change to your tax code.


    A company car is seen as a taxable benefit, the company must provide the info to HMRC and HMRC will reduce your tax code accordingly.


    As far as I am aware, there are no differences between Scotland and the rest of the UK in relation to income tax rates or taxable benefits.
    Mortgage = £113,495 (May 2009) £85559.64 Oct 2016
    Halifax CC 0% = £0!!! Car Loan = £0!!!!!
    PAYDBX16 #106 = 12377/12377 (100%)
    • cr1mson
    • By cr1mson 29th Nov 17, 5:35 PM
    • 773 Posts
    • 583 Thanks
    cr1mson
    • #4
    • 29th Nov 17, 5:35 PM
    • #4
    • 29th Nov 17, 5:35 PM
    i use www.listentotaxman.com to calc take home pay


    Generally car allowance is just seen as additional income so added to salary and taxed (and NI) at the normal tax rates, with no change to your tax code.


    A company car is seen as a taxable benefit, the company must provide the info to HMRC and HMRC will reduce your tax code accordingly.


    As far as I am aware, there are no differences between Scotland and the rest of the UK in relation to income tax rates or taxable benefits.
    Originally posted by engineer amy
    Scottish higher rate tax band starts at £43,001 rather than £45,000 elsewhere the calculators provided do not cover Scotland. I have not verified this one but try

    https://www.icalculator.info/scotland.html
    • biggarnut01
    • By biggarnut01 29th Nov 17, 8:20 PM
    • 3 Posts
    • 0 Thanks
    biggarnut01
    • #5
    • 29th Nov 17, 8:20 PM
    • #5
    • 29th Nov 17, 8:20 PM
    Many thanks for the link.
    • Dazed and confused
    • By Dazed and confused 29th Nov 17, 9:30 PM
    • 1,979 Posts
    • 888 Thanks
    Dazed and confused
    • #6
    • 29th Nov 17, 9:30 PM
    • #6
    • 29th Nov 17, 9:30 PM
    You may need to be careful when calculating your taxable monthly salary if you are paying into a company pension

    You might find only the salary is counted for pension purposes and no pension accrues on the "car allowance". So taxable salary each month might be along lines of,

    Salary £3000
    Less 8% pension £240
    Taxable salary £2760
    Car allowance £400
    Total taxable pay £3160
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