Annual pay difference 28 May 2022 at 11:09AM in Employment, jobseeking & training 11 replies 775 views

sultan123

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

NCC1701-A

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

Have a look at your previous threads.

Dazed_and_C0nfused

NCC1701-A said:

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

Have a look at your previous threads.

The best advice you're going to get all day long 🤣

Marcon

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

Here's the link to your previous same question (which I note that you've edited today to remove the original message, which seems a little strange): https://forums.moneysavingexpert.com/discussion/6334450/net-salary-difference#latest

Grumpy_chap

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

You know the difference is about £6k.  You can also use the online salary calculators for any other comparisons between two salary points that you have any interest in.
It is not important whether it is £5.8k or £6.2k.
It is not important whether it is Income Tax, National Insurance or the Tooth Fairy Levy as no-one in this forum can change the calculation, only say what it is.

At the salary levels of interest, all of which are "enough" or "comfortable" or "generous", the priority for me would be to focus on which is the most rewarding job, work-life balance, training and development opportunities, work-place culture and security / prospects.

If your financial position is stretched so that money is a challenge despite a generous salary level, it may be worth visiting the DFW forums and using the SoA tools to understand your finances better and look for ways to achieve a more comfortable and less stressful always worrying about money position.

It is hard to see how anything more and better can be added to what has been said by others above and the extensive comments in your previous threads.  If there is more required, it would be necessary to engage the professional services of an Accountant.   Whatever you do next, I wish you good luck.

Dazed_and_C0nfused

Tooth Fairy Levy 

I thought that didn't start till April 2023 🤔

Grumpy_chap

Dazed_and_C0nfused said:

Tooth Fairy Levy 

I thought that didn't start till April 2023 🤔

Oh, my bad
Thanks for correcting.

sultan123

Marcon said:

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

Here's the link to your previous same question (which I note that you've edited today to remove the original message, which seems a little strange): https://forums.moneysavingexpert.com/discussion/6334450/net-salary-difference#latest

Nothing strange, these are new job offers.

I learnt lot from previous thread so wanted to make sure I had performed calculation correctly.

sultan123

Think net difference is acrually 5.6k

GingerTim

I make it 5.59k.

Marcon

sultan123 said:

Marcon said:

sultan123 said:

Have 2 offers which I am weighing up:

First is 73k + 10k allowance

Second one is 87k + 6.2k allowance

Both allowances add to total wage.

Salary sacrifice 5% on 73k and 4% on second one for pension contributions.

I want to check my calculations in terms of net annual take home post tax and NI. The difference is working out to less than 6k from my own calculations. Please could someone confirm or correct. 

Here's the link to your previous same question (which I note that you've edited today to remove the original message, which seems a little strange): https://forums.moneysavingexpert.com/discussion/6334450/net-salary-difference#latest

Nothing strange, these are new job offers.

I learnt lot from previous thread so wanted to make sure I had performed calculation correctly.

Better to leave your previous thread alone, so that it makes sense to anyone who reads it later. You've given the new figures on this one.