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  • FIRST POST
    • longylong
    • By longylong 19th Oct 19, 1:28 PM
    • 14Posts
    • 1Thanks
    longylong
    Salary calculation
    • #1
    • 19th Oct 19, 1:28 PM
    Salary calculation 19th Oct 19 at 1:28 PM
    Hi

    I might be asking in the wrong section here but i'm hoping someone might be able to help me calculate my new salary as I cant seem to find an online calculator that lets me put enough details in.

    My Salary has changed to 22000 pro rata
    I work 4 days/30 hours a week
    My tax code is 1250L
    I contribute 52.50 a month into my pension

    If anyone can figure that one out for I would be really grateful.

    Thanks
Page 1
    • frugalmacdugal
    • By frugalmacdugal 19th Oct 19, 1:35 PM
    • 6,823 Posts
    • 5,826 Thanks
    frugalmacdugal
    • #2
    • 19th Oct 19, 1:35 PM
    • #2
    • 19th Oct 19, 1:35 PM
    Hi,


    try this wee gadget.
    Y'all take care now.
    • longylong
    • By longylong 19th Oct 19, 5:06 PM
    • 14 Posts
    • 1 Thanks
    longylong
    • #3
    • 19th Oct 19, 5:06 PM
    • #3
    • 19th Oct 19, 5:06 PM
    Thanks but there still isn't option to input 22.000 pro rata which is what I'm after.

    They all seem to assume its based on 37.5 a week
    • tacpot12
    • By tacpot12 19th Oct 19, 5:26 PM
    • 2,952 Posts
    • 2,679 Thanks
    tacpot12
    • #4
    • 19th Oct 19, 5:26 PM
    • #4
    • 19th Oct 19, 5:26 PM
    I always use this calculator: https://listentotaxman.com/

    It doesn't allow you to put a full-time salary in and pro-rata it for part-time working, but you can calculate your pro-rata salary by dividing 22,000 by 37.5 and multiplying by 30. (The answer is 17,600 if you don't have a calculator handy).

    So put 17,600 in as your gross salary on the website above, tell it how much pension contribution you make either as a percentage or as an amount from your payslip and press "Calculate my wage".

    It will tell you your take-home pay per week, month and year and can do other time periods as well.
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always check official information sources before relying on my posts.
    • MovingForwards
    • By MovingForwards 19th Oct 19, 5:49 PM
    • 2,541 Posts
    • 3,005 Thanks
    MovingForwards
    • #5
    • 19th Oct 19, 5:49 PM
    • #5
    • 19th Oct 19, 5:49 PM
    https://www.thesalarycalculator.co.uk/prorata.php

    This one does pro rata calculations.
    • General Grant
    • By General Grant 20th Oct 19, 12:22 PM
    • 1,240 Posts
    • 1,125 Thanks
    General Grant
    • #6
    • 20th Oct 19, 12:22 PM
    • #6
    • 20th Oct 19, 12:22 PM
    Does the 22K represent an increase or decrease in your annual pay?

    Calculator applications I have seen don't take account of changes mid-year. They will show you how much NI you will pay (as that depends on the individual payment) but tax would be affected by what has been the pay up to the time it changed to the 22K level.
    • longylong
    • By longylong 20th Oct 19, 8:32 PM
    • 14 Posts
    • 1 Thanks
    longylong
    • #7
    • 20th Oct 19, 8:32 PM
    • #7
    • 20th Oct 19, 8:32 PM
    Does the 22K represent an increase or decrease in your annual pay?

    Calculator applications I have seen don't take account of changes mid-year. They will show you how much NI you will pay (as that depends on the individual payment) but tax would be affected by what has been the pay up to the time it changed to the 22K level.
    Originally posted by General Grant
    The 22.000 is an increase from the start of October however its been my choice to drop to four days a week over winter making the 22.000 pro rata and not my actual yearly pay.

    The main purpose of finding out is to make sure we dont get overpaid on tax credits
    • chrisbur
    • By chrisbur 21st Oct 19, 9:33 AM
    • 3,272 Posts
    • 1,780 Thanks
    chrisbur
    • #8
    • 21st Oct 19, 9:33 AM
    • #8
    • 21st Oct 19, 9:33 AM
    Does the 22K represent an increase or decrease in your annual pay?

    Calculator applications I have seen don't take account of changes mid-year. They will show you how much NI you will pay (as that depends on the individual payment) but tax would be affected by what has been the pay up to the time it changed to the 22K level.
    Originally posted by General Grant
    It is true that calculators do not take into account mid-year changes; but that does not mean that they will always give the wrong answer, other than a few pence that often happens with them.
    Wrong answers occur when the change in earnings result in crossing from one tax band to another.
    For example earnings that were in the 40% tax band reduce so that the monthly income is now entirely in the 20% tax band. This will result in some of the 40% tax being converted to 20% tax and reducing the monthly tax figure. This reduction will not be accounted for with most calculators which will work on the basis of no 40% tax having been paid so far.
    If it goes in the other direction ie, earnings increase so monthly earnings now into the 40% band then most calculators assume this level of earnings for the full tax year and show some tax at 40% but PAYE takes account of any unused 20% tax band so it may be some time before any 40% tax is taken, possibly not until the new tax year starts.
    • nicnak66
    • By nicnak66 21st Oct 19, 10:16 PM
    • 47 Posts
    • 20 Thanks
    nicnak66
    • #9
    • 21st Oct 19, 10:16 PM
    • #9
    • 21st Oct 19, 10:16 PM
    SUMMARY

    Earn 17,600 in 2019/2020 and you'll take home 15,002. This means 1,250 in your pocket a month.

    Over the year you'll pay
    892 income tax and 1,076 in National Insurance.

    Pension 52.50 a month
    Or there abouts?

    https://www.moneysavingexpert.com/tax-calculator/?utm_source=homescreen
    Last edited by nicnak66; 21-10-2019 at 10:19 PM.
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