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Author what should i be taking home?
IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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3rd Jan 08 at 17:27   View Garage View User's Profile U2U Member Reply With Quote
i earn £21202.48 basic a year
£407.74 a week

roughly what should i be taking home?
RyanSxi
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Registered: 26th Jul 06
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3rd Jan 08 at 17:31   View User's Profile U2U Member Reply With Quote
3/4 of it is a rough estimate.

so 1200 ish?
Robbo
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3rd Jan 08 at 17:32   View User's Profile U2U Member Reply With Quote
Try 67% as an estimate not 3/4
RyanSxi
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3rd Jan 08 at 17:33   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Robbo
Try 67% as an estimate not 3/4


thought it was closer to 75% than that
tom_simes
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Organiser: South Wales
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Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
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3rd Jan 08 at 17:34   View Garage View User's Profile U2U Member Reply With Quote
Assuming you have a tax code of 510L:

Allowance before tax = £5100

therefore balance left = 21202 - 5100 = £16102

taxed at 22% on £16102 = £3542 tax paid

Total you take home for a year:

5100 + 12560 =

£17660
Patman
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Registered: 7th Jun 07
Location: Hucknall, Nottinghamshire
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3rd Jan 08 at 17:35   View User's Profile U2U Member Reply With Quote
http://www.listentotaxman.com

that works out what you get after tax and national insurance

[Edited on 03-01-2008 by Ian]
tom_simes
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3rd Jan 08 at 17:35   View Garage View User's Profile U2U Member Reply With Quote
Ahh yes, forgot NI
Robbo
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3rd Jan 08 at 17:39   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by RyanSxi
quote:
Originally posted by Robbo
Try 67% as an estimate not 3/4


thought it was closer to 75% than that
Nope
Patman
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Registered: 7th Jun 07
Location: Hucknall, Nottinghamshire
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3rd Jan 08 at 17:40   View User's Profile U2U Member Reply With Quote
Ive done it for you because im bored and a very helpful chap
Yearly :£16,194.76
monthly: £1,349.56
Weekly:£311.44
That without knowing you tax code tho
IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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3rd Jan 08 at 17:43   View Garage View User's Profile U2U Member Reply With Quote
522L
Patman
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3rd Jan 08 at 17:48   View User's Profile U2U Member Reply With Quote
Its the same as the above, the cal already worked your tax code out I guess...
IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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3rd Jan 08 at 17:50   View Garage View User's Profile U2U Member Reply With Quote
yeah just done it says 311.47 a week

im taking home £295 but thats after pension and union fees
IvIarkgraham
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Registered: 27th Mar 04
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3rd Jan 08 at 17:50   View Garage View User's Profile U2U Member Reply With Quote
barnshaw you were wrong
Tommy L
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Registered: 21st Aug 06
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3rd Jan 08 at 17:50   View User's Profile U2U Member Reply With Quote
tax is gay
Kurt
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Registered: 23rd Oct 05
Location: Hi
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3rd Jan 08 at 17:51   View User's Profile U2U Member Reply With Quote
how do you know if your on the right tax code.. i had a letter recently asking about previous employments...
Patman
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3rd Jan 08 at 17:58   View User's Profile U2U Member Reply With Quote
I had to ring the tax office up, stated roughly my income and they posted a letter with my tax code to give to my employer or they posted a letter to both me and my employer can't remember
GTS-T Rob
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Registered: 20th Jul 05
Location: Cambridgeshire Drives: Skyline
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3rd Jan 08 at 17:58   View User's Profile U2U Member Reply With Quote
id also like to know this
GTS-T Rob
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3rd Jan 08 at 17:59   View User's Profile U2U Member Reply With Quote
cool, my tax code is different to everyone elses i think


503l
IvIarkgraham
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Registered: 27th Mar 04
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3rd Jan 08 at 18:01   View Garage View User's Profile U2U Member Reply With Quote
follow that link cruising its good
GTS-T Rob
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3rd Jan 08 at 18:05   View User's Profile U2U Member Reply With Quote
yeah i did do all that, pretty handy!


what i was on about though, is if i have the right tax code lol
Kurt
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Registered: 23rd Oct 05
Location: Hi
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3rd Jan 08 at 18:05   View User's Profile U2U Member Reply With Quote
well your meant to multiply that number by 10 and thats how much you can earn before getting taxed.. the letter l can be for emergency tax though

im on the same code as mark..
GTS-T Rob
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3rd Jan 08 at 18:06   View User's Profile U2U Member Reply With Quote
so i cant earn as much as you before getting taxed? for example anyway
IvIarkgraham
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Registered: 27th Mar 04
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3rd Jan 08 at 18:11   View Garage View User's Profile U2U Member Reply With Quote
ive always been on an L code
BarnshaW
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3rd Jan 08 at 18:17   View User's Profile U2U Member Reply With Quote
im not wrong
Wrighty
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Registered: 28th Feb 04
Location: Howden
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3rd Jan 08 at 18:19   View User's Profile U2U Member Reply With Quote
nice wage that mark, outta interest what do you do?

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