How do I work out my wages after tax?

Answer 1

everyone pays different levels of tax so speak to your boss to find out what percentage of your wages is used for tax first.

Answer 2

You should have received notice of the rate of tax free allowance or tax credit you are due. Once you know that, deduct it from your gross and take your tax off the rest.

Very basic example
If your tax credit is €10000 pa, your wage is €30000 pa and the tax rate is 20% then to work out your tax do as follows

gross 30,000
less TA 10,000
taxable pay 20,000
tax rate 20% of 20,000 = total of €4000 tax paid pa, then devide further for monthly or weekly etc.
But you will also have national insurance too, but thats taken off the same way.

Answer 3

1. Look at your tax code eg 475L this means £4750 is free pay every year.
2. Divide 4750 by 52 to discover how much you can earn before tax each week.
3. Say you earn £200 gross and you worked out that you can earn £70 free each week, then you will pay 23% in tax on the rest.
4. Don't know how calculate N.I. sorry
5. If head is hurting, take other advice 25% of total earnings is close enough!!

Answer 4

Tax & National Insurance is roughly 33% of your wages.

Answer 5

Easiest way:

Say your salary was £15,000 per year.
You get a personal allowance, which for this current year, is £5035.
You then charge the appropriate tax rates on whats left.
e.g.

15000 - 5035 = 9965

First tax rate, 2150 @ 10% = 215
This leaves 7815 @22% = 1719.30

Tax for the year is £1934.30
Divided by 12;

Wages per month 1250 - Tax per month 161.19 =

£1088.81 after tax.

Answer 6

It is about 23% of your wage, should give you some idea how much you have left!

Answer 7

www.i-resign.com is the best way to find out :) Just enter the amount you will make annually.

Answer 8

Fill this in.

http://www.i-resign.com/uk/financialcentre/tax_calculator.asp

Answer 9

roughly -25 %

Answer 10

Look at your pay slip