Thursday, October 28, 2010

How much net do I have if I will get monthly 1500 Pounds salary?

I am not from Uk, but looking for a job in Uk. Now I saw a suitable part-time job position.



I will get about 1500 Pounds monthly gros. So, i would like to know how much net it will be? I am married.How much net do I have if I will get monthly 1500 Pounds salary?
There is one salient point that other answerers have missed. If you are not a UK citizen, you are not entitled to our tax allowances, so initially will lose a straight 20% (or 1/5 of salary).

You can sort that by establishing your residency. Download form P86 from http://www.hmrc.gov.uk , put ';form P86'; in search box, complete and send to employer's tax office. The normal personal tax-free allowance is 拢6475 a year, and our tax year goes from 6th April to 5th April.

You can see what deductions will be due on http://www.listentotaxman.com.

Being married or a parent does not affect your tax liability in the UK.

NB. UK first band tax rate is now 20%, not 22% as previously stated on here.How much net do I have if I will get monthly 1500 Pounds salary?
i get 1500 gros....

i take home 拢1295.36



dont think it makes a difference that your married but i might be wrong...

and im not sure if age would make a difference....

and if you ahve other jobs your tax could be different....

and remember if its a new job you often get 'emergancy taxed' the first month which means they will take more tax off you but you can get it back..just ask your employer how.



hope this helps :)



Px
Roughly 1170 without knowing your tax code and such It will be roughly 22%
The answer is 拢1,195.35 per month.

See below.....



拢1500/m = 拢18,000 per annum (gross).

Assuming you have the standard individual tax allowance, this means that the first 拢6475 of your pay will not be subject to UK income tax.

The balance is taxed at 20%.



This means that you will pay income tax of (拢18000 - 拢6475) x 20% = 拢2305 per year.



The other main deduction is National Insurance Contributions.

For employees, this is charged at 11% on the amount that lie between two figures.

These are known as the primary threshold (拢5720 per year) and the upper earnings limit (拢43888).

In your example, it would be 11% x (拢18000-拢5720) - 拢1350.80 per year.



Add the two figures together and your total deductions would be 拢1350.80+拢2305 = 拢3655.80

Subtract this from the 拢18,000 and your net pay would be 拢14,344.20 per annum which divided by 12 = 拢1,195.35 per month.





If you want to know the figure without doing all the calculations yourself, then check out http://www.contractorcalculator.co.uk/pe鈥?/a> as this will just give you the bottom line without the details.

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