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Thread: Are you being paid correctly? Check here...

  1. 25-01-2006, 10:48 #1
    golders
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    Exclamation Are you being paid correctly? Check here...

    Are you being Paid Correctly?

    A nice simple list of what your annual pay is when converted into

    monthly pay after Tax/NI (UK only)

    These are 2004/5 Paye Figures:


    £10000 = £708
    £10500 = £736
    £11000 = £764
    £11500 = £792
    £12000 = £820
    £12500 = £848
    £13000 = £876
    £13500 = £904
    £14000 = £932
    £14500 = £960
    £15000 = £988
    £15500 = £1015
    £16000 = £1043
    £16500 = £1071
    £17000 = £1099
    £17500 = £1127
    £18000 = £1155
    £18500 = £1183
    £19000 = £1211
    £19500 = £1239
    £20000 = £1267
    £20500 = £1295
    £21000 = £1323
    £21500 = £1350
    £22000 = £1378
    £22500 = £1406
    £23000 = £1434
    £23500 = £1462
    £24000 = £1490
    £24500 = £1518
    £25000 = £1546
    £25500 = £1574
    £26000 = £1602
    £26500 = £1630
    £27000 = £1658
    £27500 = £1685
    £28000 = £1713
    £28500 = £1741
    £29000 = £1769
    £29500 = £1797
    £30000 = £1825

    £31000 = £1881
    £32000 = £1939
    £33000 = £2003
    £34000 = £2067
    £35000 = £2132

    £40000 = £2395

    £45000 = £2640

    £50000 = £2886

    £60000 = £3378

    Do your own amount on this website:
    http://www.i-resign.com/uk/financial...calculator.asp
    Last edited by golders; 30-01-2006 at 15:36.
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  2. 25-01-2006, 10:53 #2
    Maddog1982
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    seems ever so slightly out accourding to my pay packet! maybe the tax has gone up. i was using this one which is near enough spon on http://www.digitaxuk.com/calc.htm
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  3. 25-01-2006, 10:59 #3
    SM
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    Not far off, but I pay more tax due to company medical care ect, its within £10
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  4. 25-01-2006, 11:01 #4
    Cosy
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    It stops at 60K, bugger...

    (LOL and dreams of more money)

    Thanks golders
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  5. 25-01-2006, 11:02 #5
    mattpayne
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    I think I need anew job, my pay hasnt risen £2000 for to past 6 Years!
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  6. 25-01-2006, 11:05 #6
    gonzomagic
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    I am still paying my Student loan, so . But pretty close.
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  7. 25-01-2006, 11:18 #7
    SMiFFAD
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    Quote Originally Posted by gonzomagic
    I am still paying my Student loan, so . But pretty close.
    Same here (the buggers cashed in this month on my bonus... its not pensioned but my lord its student lone'd, they took 4 times as much as normal and my bonus certainly wasnt 4 x my wages ) Anyway after loan and pension its about right, give or take £20
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  8. 25-01-2006, 11:22 #8
    arry
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    Quote Originally Posted by SMiFFAD
    Same here (the buggers cashed in this month on my bonus... its not pensioned but my lord its student lone'd, they took 4 times as much as normal and my bonus certainly wasnt 4 x my wages ) Anyway after loan and pension its about right, give or take £20
    Don't be bitter about money wasted on education




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  9. 25-01-2006, 11:52 #9
    30psi
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    You can't really rely on that calculation.

    Benefits in kind will mean you pay more tax.

    Also if you were to start working half way through the tax year on say £20k instead of getting £1,267 you would actually get £1,528 with the net pay slowly reducing on the final 6 months to that average amount. Tax is calculated on a cumulative basis deducting what you've paid so far.
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  10. 25-01-2006, 11:55 #10
    andykaz
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    Validates my GF's theory that she is being over taxed...
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  11. 25-01-2006, 11:57 #11
    Jolly F
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    20k difference between 40K and 60K and only another 1K a month, 8K extra tax - ****ers...
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  12. 25-01-2006, 12:20 #12
    Pauly_Boy
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    Between 40-60k, your into the 40% tax bracket.

    I think any OT I do, I only actually see half of it, but you try not to think about that.

    Plus, as pointed out, this depends on your tax code.
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  13. 25-01-2006, 12:23 #13
    thenickos
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    spot on that
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  14. 25-01-2006, 12:26 #14
    Matty2Fatty
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    http://www.listentotaxman.com/ this one is good too, even will include student load payments too if you like
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  15. 25-01-2006, 12:37 #15
    Wallers
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    Doesn't really work if your a contractor, I think i need more dividends!
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  16. 25-01-2006, 12:40 #16
    SMiFFAD
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    Quote Originally Posted by arry
    Don't be bitter about money wasted on education




    just makes you realise what a prat you can be when your 21 "yeeeeah ill have the whole lot im elligable for and blow it on beeeeer"

    DOH ahh well... ill have paid it off by the time im 32
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  17. 25-01-2006, 13:16 #17
    30psi
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    Quote Originally Posted by andykaz
    Validates my GF's theory that she is being over taxed...
    Its best someone looks at her payslip. Its very unlikely the program will have the tax calculated wrong. Look at the tax code. It should be in the format of 489L. The lower the figure ie 237L means you pay more tax. If this lowers so much and effectively becomes a minus, it becomes a K code ie K345. That mean you are stitched up good and proper.

    In addition if she has recently joined the firm and hasn't supplied them with a P45 or they haven't used that info they may have her set on an emergency code or basic rate code.
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  18. 25-01-2006, 15:29 #18
    Mr OCD
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    Hmmmmmm not sure if thats correct for my salary... seems about £7k out?
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  19. 25-01-2006, 15:32 #19
    ScoobyDoo
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    Ive just found out my company misdeclared my CO2 on my P11D, Im now due some money back

    Worth checking if you are a company car driver
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  20. 25-01-2006, 15:35 #20
    30psi
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    Quote Originally Posted by Engine_Swap
    Hmmmmmm not sure if thats correct for my salary... seems about £7k out?
    Depends on what your salary and current net pay is...
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