Calculating take home wages
23 August 2001, 02:54 PM
#1
Scooby Regular
Thread Starter
Join Date: Aug 1999
Posts: 7,957
Likes: 0
Received 0 Likes
on
0 Posts
Can someone tell me how much someone earning 20k a year should expect to take home each month after taxes, and national insurance etc.
I cant find a web site for it so was wondering if anyone knew the answer or where I could find it out!
I cant find a web site for it so was wondering if anyone knew the answer or where I could find it out!
23 August 2001, 06:54 PM
#2
Scooby Newbie
Join Date: Nov 2001
Posts: 15
Likes: 0
Received 0 Likes
on
0 Posts
From my calculations you will end up with about 1250 a month. This figure may be different if you have been on a different wage since April.
I have heard there is a tax calculator on the freeserve homepage (follow the links for finance) but I have not checked it out myself yet, and I have also seen tax calculator programs on coverdisks from PC magazines.
I have heard there is a tax calculator on the freeserve homepage (follow the links for finance) but I have not checked it out myself yet, and I have also seen tax calculator programs on coverdisks from PC magazines.
23 August 2001, 10:22 PM
#6
Moderator
Join Date: Dec 1998
Location: Staffs
Posts: 23,573
Likes: 0
Received 0 Likes
on
0 Posts
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Dream Weaver:
<B>You can always get a rough estimate by dividing the gross by 16 - just in case anyone is interested
DW[/quote]
How come that works DW?
ChrisB.
<B>You can always get a rough estimate by dividing the gross by 16 - just in case anyone is interested
DW[/quote]
How come that works DW?
ChrisB.
Trending Topics
24 August 2001, 11:00 AM
#8
Scooby Regular
Join Date: Apr 2001
Posts: 146
Likes: 0
Received 0 Likes
on
0 Posts
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by TopCat:
<B>Adam how can you run that scoob on 20k a year;-)
M[/quote]
I had my scoob whilst earning 18k a year, which works out at £1198.00 per month after tax!!
But now Im the proud owner of an Escort Cosworth!
<B>Adam how can you run that scoob on 20k a year;-)
M[/quote]
I had my scoob whilst earning 18k a year, which works out at £1198.00 per month after tax!!
But now Im the proud owner of an Escort Cosworth!
28 August 2001, 09:43 PM
#11
Scooby Regular
Join Date: Feb 2001
Posts: 834
Likes: 0
Received 0 Likes
on
0 Posts
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Peter Johnson:
<B>
I had my scoob whilst earning 18k a year, which works out at £1198.00 per month after tax!!
But now Im the proud owner of an Escort Cosworth! [/quote]
But its a 22B! I think some tax dodging...! 
MB
<B>
I had my scoob whilst earning 18k a year, which works out at £1198.00 per month after tax!!
But now Im the proud owner of an Escort Cosworth!
[/quote]But its a 22B! I think some tax dodging...!
MB
29 August 2001, 12:15 PM
#14
Scooby Regular
iTrader: (1)
Join Date: Aug 2000
Location: Glasgow
Posts: 9,844
Likes: 0
Received 0 Likes
on
0 Posts
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Captain Sensible:
<B>Robertio,
IIRC, you are 24, have a MY00 scoob and pay 1200 pa insurance and you earn 1272 a month...
You do eat and go out drink beer and meet girls and stuff don't you??
[/quote]
Along with the mortgage I eat very little, don't drink at all, and make healthy use of those nice VISA people
<B>Robertio,
IIRC, you are 24, have a MY00 scoob and pay 1200 pa insurance and you earn 1272 a month...
You do eat and go out drink beer and meet girls and stuff don't you??
[/quote]Along with the mortgage I eat very little, don't drink at all, and make healthy use of those nice VISA people
29 August 2001, 01:11 PM
#15
Scooby Regular
Join Date: May 1999
Posts: 57
Likes: 0
Received 0 Likes
on
0 Posts
[QUOTE]Originally posted by Adam M:
[B]Can someone tell me how much someone earning 20k a year should expect to take home each month after taxes, and national insurance etc.
The answers so far exclude any possible pension deductions. Since they (up to 15% of your gross) are tax deductable, they reduce the amount you get by less than what you are paying. That means that the government is contributing to your personal pension, which is always a good thing!
[B]Can someone tell me how much someone earning 20k a year should expect to take home each month after taxes, and national insurance etc.
The answers so far exclude any possible pension deductions. Since they (up to 15% of your gross) are tax deductable, they reduce the amount you get by less than what you are paying. That means that the government is contributing to your personal pension, which is always a good thing!
Thread
Thread Starter
Forum
Replies
Last Post