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Difference between earning £30k and £40k? watch

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    I certainly wouldn't complain on £30k.
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    40% Tax rate. I'm astonished they haven't thought of making us slaves, that would be much more efficent.
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    (Original post by PJ991)
    Depends what your ambitions are etc.

    I think I could, on my own, live comfortably on about £17,000 net, but I would prefer on more.
    that gives you about 1100 take home

    i know i used to earn it before being made redundant
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    (Original post by silverbolt)
    that gives you about 1100 take home

    i know i used to earn it before being made redundant
    :confused:

    How so?

    You'd only pay about £2k tax on £17k a year. By my calculations you'd take home just under £15k, not including NI contributions.
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    (Original post by WoWZa)
    The difference between a £30k and £40k salary is about £120 per wk which isn't *that* much anyway
    It's approximately 50 pints, as a student, that's a lot of money.
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    anyway, I said £17k net pay.
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    Well I don't know about you guys, but I don't want to be 'fine' on 25k peryear. I'm not totally money motivated.. but I will be going into an industry where I know an average wage is £55K+
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    (Original post by mel0n)
    Beat me to it :sad:
    Yeh, beat me to it too!

    I was hoping the answer was the second post.
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    (Original post by james99)
    :confused:

    How so?

    You'd only pay about £2k tax on £17k a year. By my calculations you'd take home just under £15k, not including NI contributions.
    sorry i meant take home per month - £1100
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    (Original post by koolkuzz)
    Am I right in saying that there is no difference in income (after tax) between earning £30,000/yr and earning £40,000/yr

    http://www.hmrc.gov.uk/rates/it.htm
    OP, you might find this useful: http://www.listentotaxman.com/
 
 
 

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