Reaises overpayment of £1000, asks for £1000 back but has overpaid £250 tax. Person pays £1000 to employer...then seeks the £250 refund from the tax man. (I know these figures aren't right to the 20% tax etc but this is how I see it so the gross figure should be correct then they need to inform tax people the pay was wrong to get a refund?)
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4.5 x GROSS salary is what most seem to use as an indicator, but it isn't as simple as that as lenders now look at the overall financial picture in detail, so outgoings, debts, tendency to save, etc. As above, hardly any mortgage lenders use"income multipliers" now. It is more about affordability (Income and expenditure assessment).
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Use our Income Tax Calculator to give you an idea of how much tax you could be paying. Post on our Cutting Tax Forum board if you have a question of your own. Back to the original thread... So my salary is 31075 with tax code 881L, My gross pay to date is 24505 and I have been told im being paid a £3700 bonus.
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1. UK personal tax calculator 2. In Excel available to download and edit 3. Tax calculation on multiple sources of income Telling you what tax you pay on just salary or just dividends or anything else in isolation doesn't help calculate the total tax bill if you have rental income, dividends, capital gains, interest etc. to factor in.
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I'm just about to switch jobs which includes a car allowance. For budgeting purposes, I would like to calculate my take home pay (and tax/NI) after feeding in elements such as pension % but also car allowance which is not pensionable. I see that thesalarycalculator is fairly comprehensive but does not include a field for car allowance.
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Gross salary: £50,000. Private medical BIK: £400. So ‘Gross’ income = £50,400. I make pension contributions from net income which is grossed up by the pension scheme (20%). I believe there is some sort of relief as a higher rate tax payer on the additional 20% - I was just going to let this flow through my tax code next year after ...
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Student loan deductions before or after tax. buttonmoon Posts: 152 Forumite. 19 February 2015 at 3:27PM. I have just rang the SLC company as I have under 3 years to go on my student loan (income contingent plan 1) and I want to swop to direct debit as so as I go under two years. However, the person to the end of the phone said it is better to ...
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0% from £520 to 792. 12% from £792.01 to £4167.00. 2% above £4167.00. So, assume a monthly salary of £6000 (£72k pa) and you want to put £1500 a month (£18k pa) in to your pension; to make life easier I am including any existing workplace scheme percentage contribution within the £1500pm. 12 Equal Contributions.
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Tax on unpaid leave. georgeous87 Posts: 6 Forumite. 28 May 2012 at 4:45PM. Hi all, I have asked my work if i can take 7 days unpaid leave in november. I am paid monthly on a salary basis. Im now worried that they are going to deduct my days off after i have paid tax on my gross wage.. As this is what they have done in the past when i have had ...
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You pay pension contributions out of your gross pay. (before deduction of income tax), so the net cost of. joining the TPS is usually reduced by 20%. If you pay. tax at the higher rate, you save even more. Your.
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