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Calculating take home pay with benefit in kind
Glasserton
Posts: 3 Newbie
Hi - Hoping someone can help
Trying to calculate my take home pay from a new job which confuses me slightly due to the car allowance aspect.
annual salary £45070
annual car allowance £4500
Pension contribution per annum £2253
Im single and get the standard allowances
can anyone help work out the monthly take home pay as im not sure how the car allowance is treated in terms of tax?
many thanks
Trying to calculate my take home pay from a new job which confuses me slightly due to the car allowance aspect.
annual salary £45070
annual car allowance £4500
Pension contribution per annum £2253
Im single and get the standard allowances
can anyone help work out the monthly take home pay as im not sure how the car allowance is treated in terms of tax?
many thanks
0
Comments
-
have a look here http://listentotaxman.com/ car allowance will be taxable to probably just add that on to the salary0
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Car Allowance is taxable and niable. Just need to know what type of pension scheme and if your conts are taken off pre or post tax.0
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