Working out take home pay???

boylec

Hi,


I have recently been offered a new job and am trying to work out wither I would actually be better off or not.


Because I currently have a company car - but the new position is a car allowance, I am finding it quite tricky!


My current situation is a salary of £43k a year with company car, 5% salary sacrifice pension and I pay a student loan for a loan prior to 2012. I am married and 34 years old.


The new position is a salary of £48k, with a car allowance of £4.5k, and 5% salary sacrifice pension.


Can anyone give me an idea of the difference in take home pay between the two options?


Thanks

Ivana_B_Rich

I can't give you an answer, but since you've had no responses at all I'll offer the only help I can.

On the main site there's a tool you can put your salary in to and it will give an estimate of your take home pay.

http://www.moneysavingexpert.com/tax-calculator/

You may need to adjust both salaries to allow for the salary sacrifice, as I don't think it can do this.

LiveOnce

Use this: http://www.thesalarycalculator.co.uk/salary.php

It has all the fields you need. Your basic new salary is £52.5k because the car allowance is also taxed. Enter this in the website above.

boylec

Thanks for the replies, I appreciate it! :rotfl: