2007-01-04 04:55:24 · 12 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
take home pay is net pay...............!!!!!
2007-01-04 04:58:04 · answer #1 · answered by lion of judah 5 · 1⤊ 0⤋
Your take home pay is your net pay. Your pay before tax is your gross pay.
Assuming that the sum you quoted is your gross pay then, after tax and national insurance and giving you a basic tax code, I'd estimate you were getting around £22,000 or so. This assumes that you have a full tax allowance which isn't used in another employment and that you are paying tax at 22% and haven't got other allowances.
This is only an estimate.
If, however, you are RECEIVING £25,000 AFTER tax, then I'd estimate that your gross salary is around £29,000 or so.
Hope this helps.
2007-01-04 05:05:00 · answer #2 · answered by gorgeousfluffpot 5 · 0⤊ 0⤋
How on earth do you earn this staggering amount of money and not know the difference between gross and net pay?, guess i won't be getting the bonus 10 points lol
2007-01-04 07:22:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Taxable Salary £34,547.39
Tax
No Tax £-
10% £210.00
22% £5,566.00
40% £618.96
NI
No NI £-
11% £3,134.56
1% £17.87
Net £25,000.00
2007-01-05 01:43:07 · answer #4 · answered by Robin the Electrocuted 5 · 0⤊ 0⤋
That is your net pay. Before tax it is called gross pay.
2007-01-04 04:58:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
assuming you mean £25k gross then take off 33% as a rough guide this amount includes NI contributions & tax
2007-01-04 05:01:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think you mean "what is your GROSS pay". NET pay IS take home pay. I suppose your gross pay would be around £30,000 or £35,000. Please ask your employer to tell you the difference between GROSS & NET pay.
2007-01-04 05:12:58 · answer #7 · answered by Anonymous · 1⤊ 0⤋
The key to unlock the power to make money from home is finding the correct on-line interface for writers
2016-06-04 11:40:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i'd say you were earning around the 30-33K mark before tax (assuming that was what your question was about) - i'm studying accountancy so i could work it out properly...but very drunk right now.
The Hock
2007-01-04 09:41:35 · answer #9 · answered by a_j95 1 · 0⤊ 0⤋
You check stubs should state all this. Read them.
2007-01-04 05:00:29 · answer #10 · answered by m c 5 · 0⤊ 0⤋
check this one.
http://www.listentotaxman.com
I hope I deserve to be the best answer for this one :)
2007-01-04 05:07:55 · answer #11 · answered by trytostayanonimous 2 · 2⤊ 0⤋