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Simple Arithmetic

edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
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Jakkals9Jakkals9 Forumite
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edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
I'm probably missing something quite obvious, but this info about a bank account's requirements confuses me: " You must pay in £1,750/mth to keep the account open - equiv to a £26,000/yr salary."

Is £1750 the net (after tax) monthly payment on an annual salary of £26,000 (i.e., £2,166.67/month)?
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