Hi can any onw tell me if they is a web-site that i can you to calculate my salary. i.e. i type what i earn a year. And then they calculate my deductions and final take home pay
2007-06-03 22:42:15 · 4 answers · asked by cobra 2 in Business & Finance ➔ Taxes ➔ United Kingdom
l dont know a web site, but l can tell you how to calculate your own wage. what you do is take your tax code, 502 add a 0 on the end, so youve got 5020, divide by 52, this gives you what you can earn before deductions, which is 96.53 now take your wage, ie 300.00, minus 96.53 giving you 203.47, divide by 3 giving you 67.82 times this by 2 giving you 135.64 now add the tax you originally took off 96.53 giving you your approximate wage of 232.17.
2007-06-03 22:55:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You Employer will provide you with a Payslip detailing deductions when you get paid (at the end of each month, if you a Salaried Staff or end of each week).
Pension (and AVC) deductions are made before Tax (assuming you have joined the Pension Scheme or have chosen to pay AVC's)
The rest of the pay is subject to Tax & N.I. (National Insurance) = to calculate the Tax you will need to know your PAYE Tax Code (aka 'Personal Allowance')
2007-06-04 05:59:31 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
There is a salary calculator that the BBC published on their website just after the budget. It's pretty good because it shows how much tax/national insurance you will pay according to your salary. There might be others too, but this one is very easy to use and reliable! :)
(This is for UK only)
2007-06-04 05:52:04 · answer #3 · answered by HC123 4 · 0⤊ 0⤋
www.listentotaxman.com
2007-06-04 08:29:22 · answer #4 · answered by Little Bo Peep 3 · 0⤊ 0⤋