Net pay differs from calculation

Exodi

chrisbur said:

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

fidaa said:
Sorry it is £87500k. 

We out here in a cost of living crisis begging for inflationary pay increases, meanwhile fidaa seems to have negotiated a pay increase over 1000% from £83,530 to £87,500,000 a year!

Teach us!

(sorry, it's a slow day in the office)

fidaa

Sorry my bad, salary is 87.5k. With this I am assuming net is £4800?

fidaa

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

fidaa said:

chrisbur said:

Yes round about that once the adjustment of the 45% tax to 40% tax is finished.  Cannot say exactly when that will be on details given so far but will probably get a payment somewhere between the 4.8K and 5K as the last of the adjustment is made.

Got 5k again this month. I am guessing it may stay at that permanently

I am guessing it will not.

My basic is 87500k

Surely that would be atleast 4.8k monthly?

Your original post said "I was given an increase in my salary to £83,530 in May." now you are saying 87500k (I assume the k should not be there).

Sorry it is £87500k. 

I mistyped in OP

Then forget all the earlier calcs and we will go with "atleast 4.8k monthly?"

apologies it is 87.5k

fidaa

Anyone confirm?