List of UK net salaries (after tax) :

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List of UK net salaries (after tax) :

Postby gulgon » Thu Apr 06, 2006 12:05 am

Since the jobs ads only give gross annual salary, I thought this list of UK Net salaries (after tax) might be helpful for everyone:

http://www.NetSalaryCalculator.co.uk

Net salary calculator for 2013 - 2014 . This is updated version of after tax wage and salary calculator for the UK.
Last edited by gulgon on Mon Mar 11, 2013 2:01 pm, edited 1 time in total.
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Postby robbys » Thu Apr 06, 2006 6:04 pm

fantastic resource!
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List of UK net salaries (after tax) :

Postby Cool » Fri Apr 07, 2006 11:43 am

Thanks Gulgon, good one!
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Postby gulgon » Mon Apr 17, 2006 10:29 am

Dear Moderators; could you make this post sticky? as many new hsmp friends might wonder the net salaries in the uk, when making plans...
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Postby John » Mon Apr 17, 2006 11:19 am

Gulgon, done, now a sticky.
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Re: List of UK net salaries (after tax) :

Postby shoque » Thu Apr 20, 2006 2:51 pm

Do you think it would be helpful if we show the NI contribution amount from the salary. A percentage guide would be helpful.
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Postby Alagomeji » Thu Apr 27, 2006 10:15 am

http://www.i-resign.com/uk/financialcen ... ulator.asp

This breaks down your contributions, including NI.
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Postby desiguy » Wed May 17, 2006 10:31 am

Another TAX calulator. Also allows you to enter tax code and has a extension for FireFox.

http://www.listentotaxman.com/

cheers

:)
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Postby nemo. » Tue Oct 24, 2006 7:32 am

Good! Its often hard to explain to people who look stary eyed at the "big UK" salaries that Her Majesties Government so happily takes a big cut! Many Asian countries have no or little taxes (and tax evasion is easy).

What is also needed is cost of living guides. I am fed up of explaining to relatives why its hard to save money in UK! I think cost of living + tax deductions soon make those "fantasticly high UK salaries" look more like chicken feed
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Postby Mini » Thu Nov 16, 2006 11:46 am

Many Asian countries have no or little taxes (and tax evasion is easy).


:roll: Really ? I was paying 40% tax before I came here from India and found it impossible to evade...
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Postby first2last4 » Thu Nov 16, 2006 11:52 am

Mini wrote:
Many Asian countries have no or little taxes (and tax evasion is easy).


:roll: Really ? I was paying 40% tax before I came here from India and found it impossible to evade...


Salaried employee have no way to evade tax
Last edited by first2last4 on Sat Dec 23, 2006 7:11 pm, edited 1 time in total.
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Postby webhunter » Sat Dec 23, 2006 6:37 pm

It is true that atleast in India, there are many ways you can avoid tax to a significant extent. For example, House loan or premiun bonds etc.,

But such stuff is not possible in UK :-) , I payed tax both in India and UK, so you can put some weight on what I just said .
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Postby hsmp28122006 » Mon Jan 15, 2007 5:15 am

Can somebody get me sample copy of payslip of any UK companies, I would be really thankful. I need to see what all is displayed in payslips. I email id is: hsmphunter@gmail.com. I will really be thankful to you.
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Postby nnj10 » Thu Jan 18, 2007 3:22 am

Hi All,

Can someone please confirm that the rate of Income Tax is as per the corresponding, applicable slab or not?

e.g. somebody earniong 60000 GBP/Annum, pays tax @10% for earnings from 0-2150 + @22% for earnings from 2151-33300 + @40% from 33301-60000 GBP?
(215+6853+10680) i.e. a total tax of 17748. Is this correct structurally?

pls. help me understand the tax structure.

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Postby Markie » Thu Jan 18, 2007 4:58 pm

nnj10 wrote:Hi All,

Can someone please confirm that the rate of Income Tax is as per the corresponding, applicable slab or not?

e.g. somebody earniong 60000 GBP/Annum, pays tax @10% for earnings from 0-2150 + @22% for earnings from 2151-33300 + @40% from 33301-60000 GBP?
(215+6853+10680) i.e. a total tax of 17748. Is this correct structurally?

pls. help me understand the tax structure.

NNJ10


per your example...

Annual salary is 60,000/yr

deduct personal exception say 5035gbp

Gross taxable is 54695 gbp

You pay 10% on first 2150gbp
you pay 22% from 2151 to 33300 and
you pay 40% from 33301 up to 54695.

Hope this helps...you need to deduct your tax exemptions first considering that you don't have any other exemptions being claimed...
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Postby nnj10 » Thu Jan 18, 2007 5:00 pm

Hi Markie,

Thank you for the much needed help.

NNJ10
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Postby Cheated » Fri Jan 19, 2007 2:48 pm

I earned £10,551 in the last eight months can someone tell me how many points I can claim for an HSMP extension after one year.

Well, £10,551 is after NI and Income tax deductions.

Never been good with nuimbers. Any help?
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Postby Markie » Mon Jan 22, 2007 9:58 am

Cheated wrote:I earned £10,551 in the last eight months can someone tell me how many points I can claim for an HSMP extension after one year.

Well, £10,551 is after NI and Income tax deductions.

Never been good with nuimbers. Any help?


if the 10551 is after NI and tax deductions then you have earned a higher gross income...you can check it from your payslips and get the amount before all the deductions are made...take the sum of all those numbers and refer it to the guidelines. :)
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Postby antony » Mon Jul 23, 2007 2:02 pm

That means you have to add the gross salary for all the 12 months you are claiming before any possible deductions.
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Postby pyke » Sat Jan 19, 2008 5:26 pm

thanks gulgon!
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