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Dropping one day a week
zutman
Posts: 13 Forumite
in Cutting tax
A complicated question, I want to drop to 4 days so taking tax and 40% tax how much would I actually lose. I earn £230
a day 60k a year if I drop 1 day taking all the tax into account eg dropping out of the 40% bracket my tax free bit is 1264L I am struggling to get an accurate figure can anyone help Thanks
a day 60k a year if I drop 1 day taking all the tax into account eg dropping out of the 40% bracket my tax free bit is 1264L I am struggling to get an accurate figure can anyone help Thanks
0
Comments
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The salary you are giving up is the bit (predominantly) with 40% tax and 2% NI.zutman said:A complicated question, I want to drop to 4 days so taking tax and 40% tax how much would I actually lose. I earn £230
a day 60k a year if I drop 1 day taking all the tax into account eg dropping out of the 40% bracket my tax free bit is 1264L I am struggling to get an accurate figure can anyone help Thanks
But a little is 20% tax and 8% NI.
Pension contributions and student loan deductions may also play into things.
Why not use a tax calculator like listentotaxman?2 -
www.thesalarycalculator.co.uk also can work this out for you0
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