working out new salary post-april

b56c

Just got new tax code through and want to see what difference it will make. How can i work it out? I know I can take the tax free allowance away from the salary and know that I'll pay 20% in tax on the rest after taking pension contributions away. But how do i work out the NI contribution and at what point in the calculation do I take them away?

notanewuser

Listentotaxman.com

Plug in the figures and it will show you.

b56c

But that only works for 2012-13. I'm talking about new tax year with new codes and allowances.

b56c

The drop-down year selector will not allow you to choose 13-14 and when I left it as 12-13 but put my new code in it still calculated with the current allowance.

notanewuser

It's calculating fine for me with an 810L and a 944L tax code.

Are you hitting calculate between them?

You can put up the details if you like and I'll calculate it manually.

[Deleted User]

Hi,

the calculator is not set up for new tax year yet.

Have a look here for new rates, and your NI contributions are calculated on your gross wage.

b56c

Just noticed too that the results from this calculator don't tally with my actual payslip for current year. The site is saying I should be paying £20 more per month in NI contributions. I think I'll leave things to the tax man and see what I get in April!

chrisbur

b56c wrote: »

Just noticed too that the results from this calculator don't tally with my actual payslip for current year. The site is saying I should be paying £20 more per month in NI contributions. I think I'll leave things to the tax man and see what I get in April!

Are you perhaps in a contracted out company pension, the site only does, not contracted out NI calculations (table A)

agrinnall

The Salary Calculator allows you to select 2013/4.

b56c

chrisbur wrote: »

Are you perhaps in a contracted out company pension, the site only does, not contracted out NI calculations (table A)

Not sure. I'm a part-time teacher in a state school.

jem16

b56c wrote: »

Not sure. I'm a part-time teacher in a state school.

If you are a member of the Teachers' pension scheme (and you should be) then yes you are contracted out so will pay a lower NI contribution. Mind you I would give up trying to calculate the difference as 1st April may bring a small salary increase but also an increase in pension contributions.