Estimated take home pay - new job!

smunro70

Hi all, After finishing my last job in Feb this year I was delighted to get another role in October this year following many months of financial worry. I started on 5th October and I realise that I will be paying less in income tax to start with as I have my tax free allowance of 1252L but I have no idea what my take home salary might look like? My new role has a salary of £90,000 and I would be interested to see what my tax deductions would look like for the remainder of this shorter tax year - ie until April 2021.

Can anyone give me some guidance please? I have no pension contributions as this time.
Keep safe and well all!

regards
Stuart

molerat

Without knowing your Oct part wage as that will have some effect on the outcome and assuming England and no other taxable income this year (JobSeekers ?) then on a £7500 monthly pay tax will be around £1291.20 and NI £471.66 leaving £5737.14 take home.

Rich1976

smunro70 said:

Hi all, After finishing my last job in Feb this year I was delighted to get another role in October this year following many months of financial worry. I started on 5th October and I realise that I will be paying less in income tax to start with as I have my tax free allowance of 1252L but I have no idea what my take home salary might look like? My new role has a salary of £90,000 and I would be interested to see what my tax deductions would look like for the remainder of this shorter tax year - ie until April 2021.

Can anyone give me some guidance please? I have no pension contributions as this time.
Keep safe and well all!

regards
Stuart

smunro70 said:

Hi all, After finishing my last job in Feb this year I was delighted to get another role in October this year following many months of financial worry. I started on 5th October and I realise that I will be paying less in income tax to start with as I have my tax free allowance of 1252L but I have no idea what my take home salary might look like? My new role has a salary of £90,000 and I would be interested to see what my tax deductions would look like for the remainder of this shorter tax year - ie until April 2021.

Can anyone give me some guidance please? I have no pension contributions as this time.
Keep safe and well all!

regards
Stuart

Have you tried the website Net Salary Calculator? 
It allows you to put your salary in and then works out the tax and pension deductions and tell you what's your take home pay.

smunro70

molerat said:

Without knowing your Oct part wage as that will have some effect on the outcome and assuming England and no other taxable income this year (JobSeekers ?) then on a £7500 monthly pay tax will be around £1291.20 and NI £471.66 leaving £5737.14 take home.

Thanks very much for that! My gross for my part pay in October was £7500 and after tax and National Insurance I netted £6648 so I think I had a much reduced tax payment that month.

molerat

I calculate the take home should have been £6990 ! What tax code was used ?

smunro70

molerat said:

I calculate the take home should have been £6990 ! What tax code was used ?

Hi molerat, my tax code is 1252L. I was curious to know what my approx net income will be in the coming months until the end of the tax year.