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How much would that be?

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rishyrish | 13:13 Thu 29th Jun 2006 | Business & Finance
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If you earned �17k a year, how much money would you earn per month?
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Try dividing 17,000 by 12 = �1,416.66
yes but then after tax you wont be leaving with that much

Im on 16.600 and after tax I bring home �1070

You need to take off 22% to get an approximate value for your tax and national insurance. Then the rest is all yours!

So on �17,000, you would take home around �1105 per month.
If you take the example above, and take 22% from 16600, divide by 12, and that gives you 1079 per month. So it's a pretty accurate estimate.
hi

if you're earning 17k, tax will be at 2 different bands, the 1st 2150 @ 10% and the rest at 22%, provided u take off your personal allowance. The Persoanl allowance is 5035 for 06/07

i.e 17000 - 5035 = 11965.
2150 * 10% = 215
11965-2150 = 9815 *22% = 2159.30

Total tax for the year is: 2374.30

NI is at roughly 11% though im not sure - cant remember been a long time since i sat the ATT.

Say 11% is roughly 1870 for the year.

if u got student loans that will be taken into consideration.

on estimate you should get:

17000 - 1870 - 2374.30 = 1062.98 roughly per month.

but dont forget any benefits which are taxable to you and student loans.
So glad I don't live in the UK, I'm on �16,440 and take home �1211.00! Come on the Isle of Man tax rates, marvellous
http://www.e-gismos.com/ukpay.asp

Have a look at this site. Put in your pay details, and it will calculate your net pay for you.

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