Nett Salary

[lizw]

I know this may seem a bit thick so please don't laugh but could anyone tell me a quick easy way to work out nett salary monthly from a gross annual figure????

[Jeanalesi]

Well I don't think its that simple, what I've done is X12 to get the yearly salary, then subtract the �4745 personal allowance that's tax free. Then the next 1960 is taxed at 10% or �196 in tax. Then up to �30,500 is taxed at 22% anything above is taxed at 40%. Then subtract the tax payable from your annual total, divide this fiqure by 12 and voila you have your monthly net income. Bit of a stammash but it should work out, peobably an easier way somehow, but this should be correct. Good luck!

[GuavaHalf]

Go here and put in the annual gross. http://www.i-resign.com/uk/financialcentre/tax_calculator.as p

[lizw]

you stars thank you!

[ianess]

Just a guesstimate........divide annual salary by 16 and you shouldn`t be too far away.

[dodgyshirt]

Jeanalesi, can you please tell me how you are managing to avoid paying National Insurance contributions?