can someone help me with the maths here?

NumeroDeux

I'm expecting to receive a job offer tomorrow, I want to know whether it makes me worse off.

It's 17k pro rata, 20 hours a week (out of a 37.5 working week), it's going to cost me 3.5k to commute for a year, on top of that I'll be liable for council tax and have to pay some rent, not quite sure how much yet but it'll be in the region of £30 p/w.

Currently I'm unemployed and receive JSA, I don't get HB or any other benefit but I don't pay rent or council tax either.

Atm I'm too tired and stressed for my brain to function.

Indie_Kid

Is the £17k before or after tax & NI?

NumeroDeux

sh1305 wrote: »

Is the £17k before or after tax & NI?

I assume before. If my head calculations are correct the 17k becomes about 10.5k so it's hardly liable for any tax. I have a thumping headache though, I basically interviewed with the flu.

Two4Tuesday

20 hours pro rata based on 37.5 hours full time would reduce a £17K salary to £9066. After tax and National Insurance you would be left with about £8200 per annum. After paying £3.5K in travelling expenses, you would still have around £4700.

You might be entitled to some working tax credits to top this up. I think you are definitely better off taking the job. It's good psychologically to work as well. I wish I was working too.

Indie_Kid

Two4Tuesday wrote: »

You might be entitled to some working tax credits to top this up. I think you are definitely better off taking the job. It's good psychologically to work as well. I wish I was working too.

At 20 hours, only if the OP is disabled or have a child for whom they receive ChB for.

NumeroDeux

Two4Tuesday wrote: »

20 hours pro rata based on 37.5 hours full time would reduce a £17K salary to £9066. After tax and National Insurance you would be left with about £8200 per annum. After paying £3.5K in travelling expenses, you would still have around £4700.

You might be entitled to some working tax credits to top this up. I think you are definitely better off taking the job. It's good psychologically to work as well. I wish I was working too.

Oh it's not about that. I'd pay to do this job (in fact basically will be :rotfl: ) I just want to know the maths and my head feels like a disco ball atm.

Thanks.

Oldernotwiser

Could you clarify your situation regarding rent as your op isn't very clear?

barnabee

I want to know whether it makes me worse off

Can't contribute to any financial advice but self esteem, respect, motivation can be priceless. Not sure what the job entails and what your age is but there may be spin offs from accepting the post like bonuses, promotions, pension plan etc.

Are there any implications if you turn down an offer of employment?

NumeroDeux

Oldernotwiser wrote: »

Could you clarify your situation regarding rent as your op isn't very clear?

Well I'm lucky enough to be living rent free however I don't expect to be once I'm a wage slave. But we'll see about that when the time comes.

NumeroDeux

barnabee wrote: »

Can't contribute to any financial advice but self esteem, respect, motivation can be priceless. Not sure what the job entails and what your age is but there may be spin offs from accepting the post like bonuses, promotions, pension plan etc.

Are there any implications if you turn down an offer of employment?

26 and tbh I could get away with it as the JC have no idea what jobs I do or don't get offered, but I don't intend to turn it down. There is actually a pension plan but it's voluntary, I'd need to concentrate on paying debts at the same time so tough choices...

HappyMJ

Two4Tuesday wrote: »

20 hours pro rata based on 37.5 hours full time would reduce a £17K salary to £9066. After tax and National Insurance you would be left with about £8200 per annum. After paying £3.5K in travelling expenses, you would still have around £4700.

You might be entitled to some working tax credits to top this up. I think you are definitely better off taking the job. It's good psychologically to work as well. I wish I was working too.

NumeroDeux wrote: »

Well I'm lucky enough to be living rent free however I don't expect to be once I'm a wage slave. But we'll see about that when the time comes.

Well if you are going to be paying £30 per week towards the rent each week and lose the £65.45 per week JSA then out of the £4700 above you will be £260 worse off each year or £5 less each week I'd negotiate the rent down to £25 per week.