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    I know this is a reeeeally random question and no one will know the exact answer but how much (roughly?) will someone be paying a month in tax and national insurance on a £12 000 PA salary?

    I know it will depend on factors but i'm trying to work out what my take home would be each month... :confused:

    Thanks for any help.
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    www.listentotaxman.com
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    (Original post by Hana_87)
    I know this is a reeeeally random question and no one will know the exact answer but how much (roughly?) will someone be paying a month in tax and national insurance on a £12 000 PA salary?

    I know it will depend on factors but i'm trying to work out what my take home would be each month... :confused:

    Thanks for any help.
    Isn't it 21% tax or something like that. So £210 tax per month or £2520 per year.

    Don't quote me on that though! Not sure about the NI deductions.
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    Arghhhhhhhhh thats only going to be about £850 a month - eeeeeek thats nothing... :/
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    (Original post by Hana_87)
    I know this is a reeeeally random question and no one will know the exact answer but how much (roughly?) will someone be paying a month in tax and national insurance on a £12 000 PA salary?

    I know it will depend on factors but i'm trying to work out what my take home would be each month... :confused:

    Thanks for any help.
    Try the Income Tax calculator on Moneysavingexpert.com.

    http://www.moneysavingexpert.com/tax-calculator/
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    (Original post by dudleyian)
    Isn't it 21% tax or something like that. So £210 tax per month or £2520 per year.

    Don't quote me on that though! Not sure about the NI deductions.
    Income tax is charged at 20% on the excess over your annual 'personal allowance' (currently £6,475) up to £37,400, then 40% above that.

    Employees' National Insurance Contributions are 11% on the excess over £110 per week (£5,715 per year) up to £844 per week (£43,875 per year), then 1% above that.

    So, for a £12,000 salary:
    Income tax = (12,000-6,475)*20%=£1,105
    Employees' NICS = (12,000-5,715)*11%=£691
    Net income=£10,204

    But yes, www.listentotaxman.com is the best resource for questions like this.
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    (Original post by dudleyian)
    Isn't it 21% tax or something like that. So £210 tax per month or £2520 per year.

    Don't quote me on that though! Not sure about the NI deductions.
    I like that you put this rubbish up after the person before you answered the question.
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    (Original post by Hana_87)
    Arghhhhhhhhh thats only going to be about £850 a month - eeeeeek thats nothing... :/
    yesss.... what did you expect? Its only 1k a month before tax.
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    (Original post by Quady)
    yesss.... what did you expect? Its only 1k a month before tax.

    I know, i know! I guess i was hoping i could escape tax.
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    I wish I could escape tax, could replenish my savings after furnishing my flat
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    (Original post by GR29KHS)
    I wish I could escape tax, could replenish my savings after furnishing my flat
    Should have got a furnished flat then.
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    (Original post by Quady)
    I like that you put this rubbish up after the person before you answered the question.
    Well I was only 1% out...as I said it was an estimate, I didn't claim it to be the correct details
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    (Original post by dudleyian)
    Well I was only 1% out...as I said it was an estimate, I didn't claim it to be the correct details
    More like 40% out £2520 as opposed to £1796.
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    (Original post by Quady)
    Should have got a furnished flat then.
    They don't furnish flats where I live.
 
 
 

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