Bonus Calculation  How much will I get?
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liamod10
Posts: 1 Newbie
Hi,
I'm due a £2,000 bonus this month and wondered how much of it I would actually see after tax.
My annual salary is £23,000 which is paid in monthly amounts of £1,916.67.
I also pay 1% into a pension and my tax code is 1060L.
How much of that £2K am I likely to see?
Thanks!
I'm due a £2,000 bonus this month and wondered how much of it I would actually see after tax.
My annual salary is £23,000 which is paid in monthly amounts of £1,916.67.
I also pay 1% into a pension and my tax code is 1060L.
How much of that £2K am I likely to see?
Thanks!
0
Comments

Would depend on your exact YTD, if your pension will be calculated on your normal pay or bonus included, student loans etc.
Roughly you'd get about £1400 extra but that's just based on the info you've given.0 
About £1419 of it (If I've calculated it correctly!:o )
edit:
Darn it ! DS got there first !0 
I think £1340 is more accurate. Tax/NI & Pension come to 33% so you will only pick up 67% of £2000.0


Also is the bonus pensionable pay or not?0
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