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Calculating wages
subboy2
Posts: 119 Forumite
I am USELESS at Maths.
Does anyone know how to work out what my salary per month or year after tax would be on minimum wage £6.32 per hour, based on a 37.5 hour week?
I have no idea
Does anyone know how to work out what my salary per month or year after tax would be on minimum wage £6.32 per hour, based on a 37.5 hour week?
I have no idea
0
Comments
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Your gross salary (before tax, NI etc) for the year would be £12,357 (£6.32 x 37.5 hours x 52.14 weeks)
Monthly gross would be £1,030 (annual divided by 12)
What you will actually get net (after tax etc) depends on a lot of things. Primarily your tax code, but also your age, whether you are part of a pension scheme, whether you pay student loans, whether you have any attachment of earnings.
http://www.listentotaxman.com/ will give you a reasonable idea if you plug in the gross salary figures and your tax code and other info if you know it.0 -
That is brilliant - thank you very much0
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You can try https://www.thesalarycalculator.co.uk which can be used for hourly rates2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0
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