I know there is no exact answer but I would like to know roughly what 80K a year would bring me home monthly net. I am about to have an interview and I am not used to being salaried. I just want a rough comparison. I know there are different levels of tax the more you earn. Thank you in advance.
On £80,000 (assuming you have just the usual personal tax allowances and your affairs are not complicated by the provision of a company car, private health insurance, etc.) you will pay £22,010 Income Tax and £4,981 NI making total deductions of £26,991 (33.74%). The remainder is £53,009 or £4.417.41 per calendar month.
It sounds a lot for someone who hasn't been on monthly pay before. But then again if he's signing for a premier league football team then it seems very low
On £80,000 (assuming you have just the usual personal tax allowances and your affairs are not complicated by the provision of a company car, private health insurance, etc.) you will pay £22,010 Income Tax and £4,981 NI making total deductions of £26,991 (33.74%). The remainder is £53,009 or £4.417.41 per calendar month.
You'll get a certain amount tax free, (£7470) then a certain amount where 20% is removed, then a certain amount where 40% is removed. Do not fall into the trap of thinking that if you are a 40% tax payer that you pay 40% tax on everything. It is just payable on the amounts above a certain limit. (about 40k). The 40% rate can be reduced by things like claiming Giftaid. If you get the job, do some research on avoiding paying too much.
Thanks for all the answers. I am living in the UK and have previously being working through a limited company. Take home pay was a mixture of a small salary and dividends. It was pretty complicated. Thanks for your help.
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How much take home pay a month do I get for 80 salary
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