net pay

[bulgarianboy]

I am on a salary of �50200.00 I will receive a one off bonus payment of �18k in march on top off my usual salary. My tax code is 475L. Does anyone know how I can calcualre what my net pay will be for that one month?

Thanks

[niki2002]

That month you will take home just over �10k, tis includes your normally salary. Basically cos of your annual salary you are charged 40% tax. So 40% off the 18k plus your standard take home pay should come to just over �10k.

Now all you have to do is decide how to spend it!!