Crosswords3 mins ago
Salaries
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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
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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. :)
�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. :)
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