Net salary difference

sultan123

Grumpy_chap said:

sultan123 said:

The difference between 80k and 87k was given by you kindly.

But I don't have it for 80k and 88k

Both those answers seem to have been given in this thread.

Difference between £80k and £87k (with 5% salary sacrifice):

Dazed_and_C0nfused said:

Real extra salary = £6,650
Less tax = £2,660
Less NI = £216

Net pay = £3,774

Difference between £80k and £88k (with 5% salary sacrifice):

Dazed_and_C0nfused said:

Real extra salary = £7,600

Less tax = £3,040

Less NI = £247

Net pay = £4,313

Assumptions and qualifications in both cases as set out by DaC.

All you really need to know, if everything else is exactly equal between different job offers, the highest gross salary will always result in the highest nett salary.

Congratulations on the new job, whichever one of the three you decide on, and I hope this has all been helpful for you.

Thank you, very helpful.

Finsl question, are those net salaries for 2022 tax year (from apr 2022 as that is when new job would start)

Grumpy_chap

As DaC already confirmed:

Dazed_and_C0nfused said:

The NI figure is for the forthcoming tax year (3.25% rather than 2%).

No changes are announced for personal allowance or tax rates at this point in time.  There is the Spring Statement between now and 6th April, so that could change what was previously announced at the Autumn Budget.

You seem to be finding this quite difficult to grasp, yet I feel people have worked hard to set things out simply and clearly.  Given your generous reward level, you may find engaging the services of an Accountant worthwhile as you will then get absolute exact answers relating to your position rather than the necessary generic information that can be communicated within a public forum such as this.

74jax

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

sultan123

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

NCC1701-A

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

sultan123

NCC1701-A said:

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

Your right but even with tax on £210x12 surely thats still not far off from the overall income from 88k

NCC1701-A

sultan123 said:

NCC1701-A said:

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

Your right but even with tax on £210x12 surely thats still not far off from the overall income from 88k

You have an odd definition of "not far off" and will most likely still need permission from your new employer.

I'm curious, what £80k+ jobs require no arithmetic competence.

sultan123

NCC1701-A said:

sultan123 said:

NCC1701-A said:

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

Your right but even with tax on £210x12 surely thats still not far off from the overall income from 88k

You have an odd definition of "not far off" and will most likely still need permission from your new employer.

I'm curious, what £80k+ jobs require no arithmetic competence.

What is odd about not far off?

NCC1701-A

sultan123 said:

NCC1701-A said:

sultan123 said:

NCC1701-A said:

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

Your right but even with tax on £210x12 surely thats still not far off from the overall income from 88k

You have an odd definition of "not far off" and will most likely still need permission from your new employer.

I'm curious, what £80k+ jobs require no arithmetic competence.

What is odd about not far off?

To me, the difference is very far off.

sultan123

NCC1701-A said:

sultan123 said:

NCC1701-A said:

sultan123 said:

NCC1701-A said:

sultan123 said:

74jax said:

sultan123 said:

74jax said:

I know you said you couldn't access the salary calculator, if you try it on a different Web browser it may help.

Make a list of the 3 jobs, and compare salary, death benefit, health care, hours, commute, holiday etc basically anything that is a comparable to you to get a more overall comparison.

I am struggling to access on any browser.

Everything between 3 offers is equal bar the differences in gross salary so I want to know the net difference monthly and yearly between the 2.

If its all equal can you negotiate with the higher offer, if they are only matching the lower offer's benefits?

Just thinking of other ways for you to compare if it matters to you the difference of 1k (which over 12 months isn't really a lot).  Increased benefits on 80k to 88k could be a big improvement maybe and make it easier for you? 

You are spot on

The 80k offer is less stress whereas the 88k is more stress. Both of these are PAYE.

I do some private work every month which brings in £210 (self income). 

Therefore if I do my private work of 210x12 months then the net annual pay from 88k isn't much for stress I am thinking?

Don't forget you will need to be pay tax etc on your private work plus probably need permission from your employer to work elsewhere.

Your right but even with tax on £210x12 surely thats still not far off from the overall income from 88k

You have an odd definition of "not far off" and will most likely still need permission from your new employer.

I'm curious, what £80k+ jobs require no arithmetic competence.

What is odd about not far off?

To me, the difference is very far off.

But how? a difference of 4k in net isn't that much over a year