Tax/ NI as a %

[natalie_1982]

How do I work out what I pay in tax/ insure as a percentage of my overall earnings?

[Loosehead]

I presume you've just got your P60 Natalie. Ok if the Total earned before tax is G and the tax paid is T and the NI paid is N then to work out:

% of Gross of NI = N/G*100

% of Gross of Tax = T/G*100

% of Gross of Tax+NI = ((T+N)/G)*100

[natalie_1982]

No, not my P60 - I'm just looking at my pay slip as I start a new job in 6 weeks and wanted to work out how much my new take home pay will be.

I want to know as a percentage how much of my wages is paid out in Tax/ NI.

For example, if my gross pay was �100, and I paid �15 tax and �10 NI, then 25% of my wages would be going out to Tax/ NI.

As you can probably tell I am not a mathematician!

[Loosehead]

What I said still works. To use your figures. G=100, N=10 and T=15 so ((15+10)/100)x100) = 25.

Just plug in the real figures. Note * means ,multiply in my answer above

[Loosehead]

if you let me have the figures I'll do it for you if you like.

[natalie_1982]

Many thanks