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% to be deducted from gross amount to take into account tax and NI?
needmoneyadvice
Posts: 57 Forumite
Hope this is in the right place, really sorry if it isn't.
Just wondering what the % is you need to deduct from a gross amount/salary to work out the tax and NI that would be deducted from it, to work out the net amount/salary. (For a basic tax earner). Hope that makes sense!!!!
Really sorry if it's a stupid question to ask but really don't know the answer.
Really appreciate any replies, thank you.
Just wondering what the % is you need to deduct from a gross amount/salary to work out the tax and NI that would be deducted from it, to work out the net amount/salary. (For a basic tax earner). Hope that makes sense!!!!
Really sorry if it's a stupid question to ask but really don't know the answer.
Really appreciate any replies, thank you.
0
Comments
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They're a bit clunky, but the HMRC have accurate calculators:
PAYE
http://payecalculator.hmrc.gov.uk/PAYE0.aspx
NI
http://nicecalculator.hmrc.gov.uk/Class1NICs1.aspx0 -
You can find a less clunky calculator at:
www.listentotaxman.com0 -
You can find a less clunky calculator at:
www.listentotaxman.com
The only problem with that one is that it doesn't take into consideration tax paid to date - if your income fluctuates it won't be very accurate0
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