Can anyone help me work out my salary?

Greenley1

First time posting here - hope I’ve done it right.

I’m trying to calculate what my next wage will be so I can plan my budget.

I have tried used The Salary Calculator .Co.uk but I don’t know if I am putting in the overtime right. Can someone help me with the rough figures please?

Salary p/a £20430 (pre tax)
tax code 1233l

worked 3 days on double time over Christmas - 20.5 hours

did 2.5 hours at normal rate (x1)

receiving one off amount of £100 also this month.

I think it’s the double time that is confusing me as not sure if putting in x2 on the salary calculator is the right thing to do, wouldn’t this mean triple my salary if that makes sense? 

Thanks

Greenley1

Please anyone? 

twadds123

pretty sure the easiest way would be to ignore the "double time" rate and consider it double time worked.

so you worked 20.5 hours at "double time"  this is the same as saying an extra 41 hours at normal pay.

add the 2.5 hours

so you could input 43.5 hours overtime to come to the same conclusion

Greenley1

twadds123 said:

pretty sure the easiest way would be to ignore the "double time" rate and consider it double time worked.

so you worked 20.5 hours at "double time"  this is the same as saying an extra 41 hours at normal pay.

add the 2.5 hours

so you could input 43.5 hours overtime to come to the same conclusion

So on the salary calculator I put 43.5 hours at single time?

twadds123

Greenley1 said:

twadds123 said:

pretty sure the easiest way would be to ignore the "double time" rate and consider it double time worked.

so you worked 20.5 hours at "double time"  this is the same as saying an extra 41 hours at normal pay.

add the 2.5 hours

so you could input 43.5 hours overtime to come to the same conclusion

So on the salary calculator I put 43.5 hours at single time?

yes thats right

twadds123

do you know your hourly rate or how many hours per week your £20430 is worked out on?  also how often are you paid?

Greenley1

twadds123 said:

do you know your hourly rate or how many hours per week your £20430 is worked out on?  also how often are you paid?

I think the daily rate before tax is roughly £78 and after tax about £68. I work 32 hours a week if that helps 

twadds123

well you've not said if you are paid monthly or 4 weekly.

assuming monthly your next pay if all the overtime and bonus are paid into that month would be roughly £1920.12

that assumes a lot of things i dont know,  pension contributions, any other overtime in the year etc.

however roughly your hourly pay is around £12.77 per hours.

12.77 * 43.5 = 555.49

100 bonus = 655.49

after tax and national insurance you keep about 66% of that so 66% of £655.49 is about £432

so £432 is your extra on top of normal if that helps

these figures will not be exact and depend on other things as said.

Greenley1

twadds123 said:

well you've not said if you are paid monthly or 4 weekly.

assuming monthly your next pay if all the overtime and bonus are paid into that month would be roughly £1920.12

that assumes a lot of things i dont know,  pension contributions, any other overtime in the year etc.

however roughly your hourly pay is around £12.77 per hours.

12.77 * 43.5 = 555.49

100 bonus = 655.49

after tax and national insurance you keep about 66% of that so 66% of £655.49 is about £432

so £432 is your extra on top of normal if that helps

these figures will not be exact and depend on other things as said.

That is roughly the figure I came to using the calculator. However I think entering the overtime in as x2 was incorrect, as the hours I worked “double” were part of my normal working week, so technically at x1 if you know what I mean?

twadds123

ah ok, so the double time days were part of your normal schedule just paid double??  not overtime on top of normal hours?

Greenley1

twadds123 said:

ah ok, so the double time days were part of your normal schedule just paid double??  not overtime on top of normal hours?

Yes that’s right.. I think the figure would be roughly £1750 would you agree?