Salaries

[Big Al1st]

Was watching the Beckham party last night and wondered if a footballer, on anyone else for that matter, earns �100,000 per week, how much take home pay would he have after Income tax and National Ins.

Also would they get a state pension, if so how much. Presumably all their stamps would be upto date

Rgds

[Ethel]

A salary of �400,000 per month would be a take home pay of

�236428.56

Income tax would be �159350.48 per month and National Insurance �4220.96.

In addition the employer would pay �51149.57 every month in employers' national insurance contributions.

The footballer would be entitled to state pension at the going rate - it would not be in proportion to the huge sums paid in.

Of course an individual with this sort of salary would employ financial advisors to minimise their tax liabilities legitimately.

And footballers wives are entitled to claim child benefit as is everyone, no matter how rich they are. :)

[Big Al1st]

Hey Ethel, Thanks for excellant answer.

The mind boggles at these salaries especially when the employer has to pay that amount in stamps.

Knew I should have paid more attention at the PE classes at school, may have become a footballer!

Take care

[kazza12345]

ethel are you suggesting that footballers wives are able to claim child benfit for the footballer???

[Big Al1st]

Nice one Kazza!

[Ethel]

Kazza - I think those footballers wives are entitled to their own bit of money, don't you?