finish uni and start a full time job on 270 a week and wondering what % the tax rate is? and what ill be left with after tax man gets on my wages?

Borich

 

£270 * 0.24 = £64.80

£270 - £64.80 = £205.20

Very roughly after tax and ni you should see about £205.20 in your pocket..

Not very scientific but generally I lose about 24%..

JGM

 

£215 ish.......pay is too low to use .24 as a basis

 

http://www.moneyweb.co.uk/products/t...cometaxni.html


This will give you the exact amount.

 

£270 p/w = £14,040 pa
Tax & NI (2,834)
Net £11,206
Net p/w £216



Inc Tax
4,745 PA
1,960 @ 10% 196
7,335 @ 22% 1,614
NI Class 1 1,024 ((270.00-91.01)*52*11%)
------
2,834

D

 

£217.25 p/w is take home after Tax & NI..........close to above!