Calculate bonus and overtime pay

mattih5

Hi,

Does anyone know of a website that allows you to calculate overtime and bonus pay in additional to normal salary? I have been using a website to calculate basic pay along with overtime but I will be received a fixed bonus this month. I'd like to try and calculate/estimate what the Net pay will be this month.

scotsjamie

if your tax code is 691L i think if you take off roughly 17.2 percent of your total net you will get a rough idea,

doelani

http://www.listentotaxman.com/

try this, just put in your fross and it will work it out for you

chrisbur

doelani wrote: »

http://www.listentotaxman.com/

try this, just put in your fross and it will work it out for you

This site like all these sites as far as I know will work out your tax on the assumption that the monthly figure you put in is your usual monthly earnings. In this case there is a bonus being paid in the month in question so it is not a typical month so depending on the earnings and the bonus it may or may not give the right answer. Other than learning how tax is calculated the nearest answer you would get is by putting your annual earnings in the calculator without the bonus and again with the bonus the difference will be the tax due on the bonus. But this may not be what you are taxed when you get the bonus, you may pay more than this and then get that extra you paid back in the following months.
The figure for NI will be about right as this is worked out differently to tax.

qball101

http://www.uktaxcalculators.co.uk/

has a bonus option under the advanced button