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Weekly pay to salary

Matt_22
Matt_22 Posts: 323 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Employment, jobseeking & training
I'm trying to work out if I have been paid right in a new job. How do I turn my weekly gross pay to my salary? Thank you
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Comments

  • EnPointe
    EnPointe Posts: 995 Forumite
    500 Posts Second Anniversary Name Dropper
    edited 25 March 2024 at 7:05PM
    hourly rate  * contracted hours = weekly gross basic pay 

    weekly gross pay * 52.14   = annual  basic pay   ( 52.14 =365 / 7) 

    annual pay / number of pay days  in a year  - 12 if  monthly  / 13 if  lunar / 4 weekly  =  pay period gross basic  pay  


  • Matt_22
    Matt_22 Posts: 323 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Could you explain that for me please?
    weekly gross pay * 52.14 = annual basic pay ( 52.14 =365 / 7) 
  • JCS1
    JCS1 Posts: 5,343 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    52.14 weeks in a year
  • itsthelittlethings
    itsthelittlethings Posts: 2,111 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Are you talking about before or after tax?
    Credit card 1700
    Overdraft 210

    2026 EF 100/3000

    All I want is a weather forecast saying there'll be more weather.
  • Matt_22
    Matt_22 Posts: 323 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Before tax
  • Dazed_and_C0nfused
    Dazed_and_C0nfused Posts: 18,915 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Matt_22 said:
    I'm trying to work out if I have been paid right in a new job. How do I turn my weekly gross pay to my salary? Thank you
    If your question is about the first part payment of what will become a fixed monthly salary then it will to some degree depend on your employers rules.
  • Matt_22
    Matt_22 Posts: 323 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    So you'd times weekly gross by 52.14?
  • EnPointe
    EnPointe Posts: 995 Forumite
    500 Posts Second Anniversary Name Dropper
    Matt_22 said:
    Could you explain that for me please?
    weekly gross pay * 52.14 = annual basic pay ( 52.14 =365 / 7) 
    52.14  weeks in a year  

    365  days in a year divided by  7  days in a week  = 52.14


  • Matt_22
    Matt_22 Posts: 323 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    So if i times my weekly groups by 52.14 that should be my yearly salary?
  • EnPointe
    EnPointe Posts: 995 Forumite
    500 Posts Second Anniversary Name Dropper
    edited 25 March 2024 at 7:54PM
    Matt_22 said:
    So if i times my weekly groups by 52.14 that should be my yearly salary?
    Yes, as has been explained to you a number of times.
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