how i can work less hours and be better off!

Spendless

Prudent wrote:

Yes, but wasn't sure how to calculate take home pay. Iguess it will be more per day, as I should pay less tax than I do now?

What about this http://www.i-resign.com/uk/financialcentre/tax_calculator.asp

helen_vasey

Prudent wrote:

Helen that is a briiliant piece of information. I earn £30,500 so thought we just missed it. I contribute 6% of take home to emploters pension scheme. Does this mean my daugter will get £10 per week?

As you pay 6% into your pension, then your daughter should get the £10 per week , plus the £100 per term bonus.(for good attendance).try the website https://www.direct.gov.uk for all the info.

helen_vasey

i have just seen on the direct.gov site that the limit has gone up to £30810, based on your 2005/06 earnings for september starters, yipee!

ohreally

helen_vasey wrote:

the reduction in my pension contribution will be not even a fiver a month if ive worked it out right.

It's in the future that this will become an issue. Your pension is deferred pay and it will be detrimentally affected by a drop in both your contributions and what your employer pays in.

helen_vasey

:rolleyes: my employer, stoke city council, do not contribute to my pension, which really surprised me when i joined the scheme. also i am not planning on staying for more than a couple of years any way. i have an isa and a house to inherit for my retirement and my hubbie has a private pension, a good company pension and an excellent forces pension to look forward to. ( plus half a house). All that said, we will not be as well off as if we had no savings, pension , had never bothered to work and pay tax, lived in a council house and played the system for all our lives, as some members of my family have. not that im bitter you understand!

millie

This site works out how much tax & NI you would pay for you

http://www.netpaydue.com/20052006/jsp/HomePage/quickcalgross.jsp

funnyguy

CIS..regarding my earlier statement,tax credits told me you can add the hours combined for husband/wife unless you have no children in education .

chinagirl

Jummy wrote:

I also haven't got a clue what EMA stands for.........

Education Maintenance Allowance !

Sarahsaver

So that 2.5 hours is worth £10? Surely you earn more than that?
Is it not far removed from someone signing on so they can get free stuff?
If your daughter is old enough for an ema she is old enough to get a part time job which would bring in more than a tenner a week and she would not be taxed.

donna

oo oo oo!

Can someone work out mine for me pleeeeeese!

I am married 2 kids(13&15) with hubby retraining at college.
I work 25 hrs per week £6 per hour.
Last wage slip = £650 gross pay/£32.33 tax/£26.62 NI/£591.05 Total

Recently my boss has been talking about reducing my hours(what can i say, i'm just sooooo efficient at my job )

How much would i take home if i worked 20 hours a week instead?

This would be great if it works as my kids are at sats and GCSE age so i could spend more time supporting them through this.