If I earn £16 per hour before tax, how much would I earn a year after tax?

Question

Could you also include in your anwer how you worked it out.

I'm working in the UK

I work 35 hrs a week

Answer 1

You do not give much information.

However assuming your are working a 42 hour week your gross pay would be £34944.

The first £5035 is disregarded leaving £29,909 taxable

You would have to pay £6,321.98 tax and £3,148.60 National Insurance.

Leaving net pay of £25,473.42

Of course this makes several assumptions. For an answer tailored to your specific circumstances try the following site:-

http://www.listentotaxman.com/

Answer 2

To get the answer, first work out your gross annual salary and then use a salary calculator. It is possible to work out Net Pay by hand, but it isn't a simple calculation - I know, I run a payroll company.

If we assume that you don't take any unpaid leave during the year, your gross salary will be
£16 per hour (gross)
x 35 hours per week
x 52 weeks per year
= £29,120 per year (gross)

Next, we enter that figure into a tax calculator. I will assume that you have the most common tax code for this year (503L), the most common NI category (A) and no other deductions.

In this case, the Net Pay works out at about £21,430.

Answer 3

This depends on how many hours you work, what benefits you receive etc.

Say you worked 7 hours per day, 5 days per week, 47 weeks per year, you would Gross £26,320 per annum which would give you net pay of £376 per week (ignoring holiday pay).

To give you a better answer, more information is needed.

All rates and allowances for NI & tax can be found on the government website.

Answer 4

Assuming a 40 hour week and 48 week year (4 week holiday), approx £22,380. It'll be lower if you have to repay a student loan.

I worked it out using an income tax calculator:
http://www.i-resign.com/uk/financialcentre/tax_calculator.asp

Ignore the '17.5%' answer, that's VAT and has nothing to do with income, income tax is much more complicated... using a banded system.

Answer 5

Tax bands and rates
Band
(£) 2005/06
(£) 2006/07

Starting rate 10%
0 - 2,090
0 - 2,150

Basic rate 22%
2,090 - 32,400
2,150 - 33,300

Higher rate 40%
Over 32,400
Over 33,300
http://www.admin.ox.ac.uk/salaries/tax.shtml

Answer 6

It depends on the amount of hours you work per week.

Where do you get paid that amount, I may be looking for a job soon :)

Answer 7

How many days a week and how many weeks a year do you work? Then take 17.5%

Answer 8

this depend on how many hours you work per week.

Answer 9

if you dont know you dont deserve to be earning £16 an hour. im only on £7.05 and i can answer that. but i wont coz im jealous.

Answer 10

depends how many hours you work in a say