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New job - salary calculation

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Comments

  • garth549
    garth549 Posts: 486 Forumite
    Part of the Furniture 100 Posts
    You'll still get the same net pay each year with either method. It's just you'll get paid less for months with a lower number of working days. eg You'll get paid more in July than February

    Edit In fact you might even be better off on a leap year!
  • chrisbur
    chrisbur Posts: 4,274 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    A year last for 365.2422 days
    On average a year has 5/7 working days
    That is 260.8873 days on average (to 4 decimal places)
    So on say a salary of £20000 you get an average yearly pay of £20068.25
    So on average £68.25 a year better off.
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