Just so i have an idea and can start budgeting
2006-09-28 20:57:45 · 15 answers · asked by loopy lou 3 in Business & Finance ➔ Personal Finance
UK, Tax year ending 5, Apr. 2007
Gross pay............. £18,000
Tax-free allowance..... 5,035
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Taxable...................= 12,965
Inc.tax, First slice 0.1x £2150.......... . 215.00
Second slice 0.22x (12,965 - 2150)...= 2,379.30
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Total inc.tax ....................................= 2,594.30
Nat.ins ............................................ 1,425.16
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Total deductions............................ = 4019.46
Net pay 18,000 - 4019.46 = 13980..54
2006-09-30 11:02:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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2016-05-15 18:25:54 · answer #2 · answered by John 2 · 0⤊ 0⤋
well let's see
there's 12 months in a year and you're expecting 18,000 in one year so start by dividing 18,000 by 12
to figure tax you will need to refer to your state tax regulations. the feds aren't going to wipe you clean like they will when you make twice as much.
as for NI, i have no idea what that is
i'll take a stab in a dimly lit room and guess you'll end up less about $140 per month in income due to medical fees (if full-time status) and tax
2006-09-28 21:07:09 · answer #3 · answered by Pipi 4 · 0⤊ 2⤋
Think this is all correct
Gross Pay 18,000.00
Tax free Allowances 5,035.00
Total taxable 12,965.00
Tax paid 2,594.30
National Insurance 1,425.16
Total Deductions 4,019.46
2006 Net Wage £13,980.54
£1,165.05 per month
2006-09-28 21:02:25 · answer #4 · answered by Anonymous · 2⤊ 0⤋
1
2017-03-02 21:29:19 · answer #5 · answered by ? 3 · 0⤊ 0⤋
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2016-05-02 18:12:19 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Assuming you're single and under 60, and don't have any other income or deductions, you should take home £1,165 per month.
NB excludes student loan repayments, contributions to company pension etc
2006-09-28 21:03:19 · answer #7 · answered by gvih2g2 5 · 0⤊ 0⤋
18000/12 = 1500
1500-25% = 1275
roughly
2006-09-28 21:03:04 · answer #8 · answered by mum2bogey 2 · 0⤊ 0⤋
£1250
2006-09-28 20:59:51 · answer #9 · answered by steve 4 · 0⤊ 0⤋
it depends on your tax code. but i would guess some were between £1100 and 1200 a month.
2006-09-28 21:32:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋
It'll depend on how many persons you will be claiming. And after social security take ther chare!
2006-09-28 21:00:49 · answer #11 · answered by alfonso 5 · 0⤊ 0⤋