wages 21k

[lisajane83]

on 21k what do you think the take home would be approx on 19.5 i got around 1244.00

[Ethel]

�1750 per month before tax, national insurance and any other deductions.

Allow about 30% - it seems about right.

[Buenchico]

Some quick calculations (based upon the current tax year and a basic tax code):
First �4895 of earnings: No tax
Next �2090: 10% tax = �209
Remaining �14015: 22% tax = �3083.30

National Insurance is not charged on the first �82 per week. (= �4264 per year). Thereafter, it's charged at 11%. 11% of (�21000 - �4264) = 1840.96

Total tax and NI deductions (each rounded to nearest pound) = �209 + �3083 + �1841 = �5133

Earnings net of tax = �21000 - �5133 = �15867

If you're paid monthly (i.e. 12 payments per year), this works out at �1322 per month.

For someone paid 4-weekly (i.e. 13 payments per year), this works out at �1220.

Obviously, these figures don't take into account any other, non-statutory deductions, such as any contributions towards a pension scheme.

Chris

[lisajane83]

brillient thankls for that much more info than i expected thanks again!

[WoWo]

�1323.07

http://www.i-resign.com/uk/financialcentre/tax_calculato r_tool.asp?txtGrossSalary=21000&imageField.x=44& imageField.y=14&radAge=1&txtStudentLoan=0

(Great answer from Buenchico but added the link in case others wanted to know where to work it out)

[Buenchico]

Given that I rounded a few figures off, I reckon a discrepancy of �1.07 with WoWo's answer isn't too bad!

Since we're being so accurate, I'll point out that today's budget changes mean you'll be �2.57 a month better off!

Chris

[lisajane83]

Fantastic! thanks so much!