How much would I lose going down to 4 days a week?

getmore4less

MovingForwards wrote: »

And don't forget not only will you lose salary / pension contributions at the rate you have been paying it will also alter your holiday entitlement.

You still get the same number of weeks.

Exodi

So, to work off of £29,000 net salary assuming 1250L tax code, your gross salary would be ~£37,447.30

So your currently monthly take home pay should be around £2416.67

37447.30/5 = 7489.46*4 = £29,957.84

Your new monthly take home pay should be around £1992.26

In terms of net monthly take home, you will be ~17.5% a month worse off, or £424.41.

Xbigman

It would have been easier if the OP had given us gross pay.

As for holidays, the biggest question is how the company calculates odd days. My employer works holidays out as whole days so on a three day week I get 17 days holiday per year, or 5.66 weeks, gaining 0.06 of a week on the five day workers. I do know someone who works three days whose employer works it out as hours so they must do an odd 2 hours at some point. And yes, they have twice had to come in for a 2 hour shift when awkward managers won't allow any other alternative.


Darren

Marcon

Xbigman wrote: »

It would have been easier if the OP had given us gross pay.

Indeed, as several others have pointed out. Perhaps waiting to see if OP came back and supplied the relevant information would have been more sensible, rather than spending so much time guesstimating the figures?

Bexm

https://www.thesalarycalculator.co.uk/salary.php

If you havent worked it out this is a very handy site and usually right within a few pence!
Use the pro-rata tab and put your reduced hours in

halogen

hmmm... what job do you do that earns that much money but you're not able to do simple maths....or find one of the many websites that will work it out for you?

FrugalAspirations

Sorry, wrote the question while distracted, I did mean gross not net. Will amend!