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Help with calculating take home bonus please
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A lot of places use the table based PAYE so the X/12 does not work, gets close but is not accurate
http://payecalculator.hmrc.gov.uk/PAYE0.aspx
A handy calculator that does the tax for you if you have the info from your payslips and know what you are getting the next month.
tables used
http://www.hmrc.gov.uk/taxtables/pay-adjustment-tables.pdf
http://www.hmrc.gov.uk/taxtables/tables-b-d.pdf
NI is done separately
http://www.hmrc.gov.uk/nitables/ca38.pdf
More of an intellectual exercise going through these but will take some of the mystery out of how tax and NI really works.
This is HMRC taking something that could be done very simply and making it more complicated.0
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