Per Hour Wages ??

[andy15star]

Hi, just looking on the Direct.gov website and nearly every job they have on there say something like "£8.15 per Hour", but what i'd like to know is, is this BEFORE or AFTER tax ??.

So if it says "£8.15 per Hour" and it is a 37 hour a week job, then does this mean i will get £8.15 x 37 = £301.55 a week, or does tax have to come off this figure ?

Regards,
Andy

[RATTER15]

This figure is before tax, how would they know how much tax you are liable to pay!

[boxtops]

That's the gross hourly rate.

[andy15star]

Cheers for the answer, much appreciated... i'm probably thick, but i assumed tax was 20p in the £, so wasn't sure if they used 20% as a ballpark figure to give people a better idea of what the wage really meant to them.

Regards,
Andy

[hc4361]

Some people have other income so already pay income tax - it may push them in to the higher rate.
Over 65s have a higher personal allowance too which affects the amount of tax they pay.

[andy15star]

So do you reckon for the average Joe that if it says £10 an hour, and it's for, say 40 hours a week, you'd get £8 (£10 - 20%) x 40 = £320 (ish) ?, Regards, Andy

[factor-fiction]

All salries are quoted as gross- that is before tax.
There are lots of sites that will estimate net pay after deduction of tax and NI- just google NET PAY CALCULATOR

[andy15star]

Ah very good, hadn't realised there were Net Pay Calculators on-line, hadn't really thought about it to be honest!. Cheers!..... being made redundant this Friday so good to know i can work it out now!

All the best,
Andy

[DC_FC]

Or theres salary calculator but its possibly the same thing as net pay calculator

[4getmenot]

http://www.i-resign.c...ge=1&txtStudentLoan=0

here you go x

[mike11111]

Don't forget that in addition to income tax there is also National Insurance to pay. As a useful rule of thumb, for a basic rate taxpayer, subtract a third from the figure to get the take-home pay.

[Buenchico]

Bloody 'ell, Mike. That's a bit excessive!
It makes no allowance for the amount which you can earn tax free (and NI free).

A better 'rule of thumb' guide is that you get to keep the first £125 of what you earn each week, with the government taking roughly a third of everything after that.

Chris

[mike11111]

Agree, Chris. In my last job I had no tax allowance on my salary as it was swallowed up by my pension from a previous employment.