Husband wants to downsize-can we afford it?

fbrander

My husband who's a Headteacher, has been off work with severe stress and now wants to take a job in a smaller school. Trouble is it means a big cut in salary and we have a large mortgage. Can someone work out for me what his new monthly salary would be? He currently earns £50007 a year and pays £840 in tax, £236 in NI contributions and £250 into his pension. On a salary of £40824 and £42,228, what would his outgoings be? Is there a system for working it out?

kindanice

You could try putting his details into https://www.whatsthecost.com - under the sub-heading "UK Tax". It works out what the tax & NI will be.

HTH

Prudent

Being a headteacher is very high stress and it may be best for your husband's long term health and quality of life to move jobs. I have no answer to your question, but wish him all the best in finding a less stressful post.

calleyw

Try here


All the best what ever you choose to do.


Yours


Calley

kerryallc71

try this one

http://www.taxcentral.co.uk/taxcentral/home/employment/payslipcalculator/default.asp

hope it helps ?

there are other things on this tax central website that you may find helpful as well.


see you from kerry.

p.s /

there is a remuneration calculator so you can compare wages , dont know if that will help anymore than the above calculators ive given you and the other people on here
i hope it helps.

lynzpower

this one is very good https://www.i-resign.com

kuohu

Headteachers earn £50k ?! Wow.

Prudent

kuohu wrote:

Headteachers earn £50k ?! Wow.

If you add up their working hours -research show they average 85 per week- that is not a good hourly rate for such stress. In Scotland there used to be an average of 35 applications for every ht post advertised. Now there are three.