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Bonus tax calculator
mp80
Posts: 214
Forumite
in Cutting tax
Hi
I'm trying to find somewhere that can calculate my net income for a single month that contains a bonus. The online calculators I've found seem wrong/useless
Gross annual: 110k
Pension deduction: 5% salary sacrifice
Childcare vouchers: £124 pcm salary sacrifice
Bonus amount: £20k
By my calculation I should have a monthly gross of £28,584, the tax taper is different above 100k and I intend to change it to put 10k per annum into the pension, but can anyone point me in to the direction of either
a) a calculator that can work this out properly, or
b) the calculated net?
Thanks in advance
MP
I'm trying to find somewhere that can calculate my net income for a single month that contains a bonus. The online calculators I've found seem wrong/useless
Gross annual: 110k
Pension deduction: 5% salary sacrifice
Childcare vouchers: £124 pcm salary sacrifice
Bonus amount: £20k
By my calculation I should have a monthly gross of £28,584, the tax taper is different above 100k and I intend to change it to put 10k per annum into the pension, but can anyone point me in to the direction of either
a) a calculator that can work this out properly, or
b) the calculated net?
Thanks in advance
MP
0
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