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Pay rise of £1000, what's that after tax?

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Comments

  • bob_dob
    bob_dob Posts: 432 Forumite
    edited 7 April 2011 at 10:42AM
    (Edited 7th April)
    Sorry for the confusion-
    Let me clarify: my friend is the one who had the £1000 rise from £16,000 to £17,000.
    I earn just over £20,000 (£1675 per month gross) and i wanted to know what difference the new NI changes will make to my take home pay (no pension or student loan payments)?
  • redped
    redped Posts: 807 Forumite
    Part of the Furniture 500 Posts Name Dropper
    bob_dob wrote: »
    I earn just under £20,000 (£1675 per month gross)

    You may want to check your numbers, as 1675*12 = £20100 p.a.
  • bob_dob
    bob_dob Posts: 432 Forumite
    Hello anyone?
  • AirlieBird
    AirlieBird Posts: 1,046 Forumite
    bob_dob wrote: »
    Hello anyone?
    Hello. :wave:

    From http://www.uktaxcalculators.co.uk/
    Earnings Summary Monthly
    Gross Pay £1,675.00
    Tax Free Allowances £622.92
    Total Taxable £1,052.08
    Tax Due £210.42
    National Insurance £128.72
    Total Deductions £339.14
    Net Earnings £1,335.86
    Net Change from 2010 +£19.76

    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
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