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| *Loan,banking and credit>>>income tax |
How much would my gross monthy income be on 19,000 when you factor in taxes, etc.? |
I've just been offered a job in London at 19,000 pounds a year. I need to know how much I can budget for housing, etc., but I can't figure out the exact amount of tax I would pay on that... I suppose I would be in the 'normal' tax bracket, as am not disabled, a student, etc. And I would be UK taxations btw... Thanks! Looking at your answers so far, mine might be a bit generous, but I got the accountant who sits by me to work it out - so here goes: 拢5,035 is not taxed (this has recently gone up) 拢2,150 is taxed at 10% (拢215) 拢11,815 is then taxed at 22% (拢2,599) That means that 拢2,814 is deducted each year, leaving you with 拢 16,186 which is 拢1,349 per calendar month take home pay. You want to know the net, 19,000 is the gross. So the answer would be gross is 19,000 :) Annually: 拢14,536.82 Monthly take home pay: 拢1,211.40 -Hope that helps. http://www.i-resign.com/uk/financialcent... my mam works for the inland revenue so im going by what she told me with my job. First 4895 is tax free then teh next 1500 is subject to 10% tax then the rest would be at 21%. so erm i'll work that out not to forget n.i.c which is at 6% gross so erm... 6% =1140 17860-4895 =12965 12965-1500=11465 +150 tax so far son basically you would be paying 3697 is tax and national insurance so is it worth it? with tax and national insurance they take about a quarter! so divide 19000 by 4 which is 4750. this leaves you 14250, which divided by 12 into your monthly pay is 1187.50. This is only a rough estimate though so it might not be correct to the penny! gross monthly income is income before taxes. 1600 a month is what it comes out to in gross income. taxes are what about 40-45 % percent over there? (just guessing), so at a 40% rate you would have approximately 940 pounds per month left |
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