If your salary is £75K, what is your monthly take home pay after taxes etc

If your salary is £75K, what is your monthly take home pay after taxes etc

Not enough

Nowhere near.

There are websites which calculate this. Try googling "Take home pay calculator UK".

more than me 4 sure.

£4400ish.

£4213.37

very subtle willy-wave there WCA 😉

Tax calculator

you earn that & you cant work it out or find out for yourself?

Rosie, Drain – You have not got the job
bruneep – You have made it through to the next round

Tron – Are you an accountant or a DBA? I asked you a question, you knew how to get the answer but rather than doing that you gave me another job to do. Give me results, not more work. You are through to the next round, just, but must think the Big Picture

if someone is on a £75k salary, why aren't they running their own business instead, earning more and paying less tax?

mefty has just bumped Tron out of the next interview round.
Scotia – I don't earn that I am recruiting and thought someone might ask

bruneep – You have made it through to the next round

<claps like seal>

I didn't realise I was applying for a job.

<claps like seal>

Shouldn't it be 'prepares to jump through hoops'.

That is outrageous nepotism and discrimination. I provided an answer and have not been given a look in. Is it because I is black?

very subtle willy-wave there WC

What's the salary level at which willy-waving is warranted?

Maybe soon for some it'll just be having a job….bloomin' Tories 😉

if someone is on a £75k salary, why aren't they running their own business instead, earning more and paying less tax?

That doesn't really make sense to me – depends on the business they're in?

£75k salary – you see about half of that.
£75k net profit in your own business – you see about 75% of it with a good accountant.

If your salary is 75k from spreadbetting the markets, you pay no tax at all.
Mine isn't btw

I don't earn that I am recruiting and thought someone might ask

Now THAT'S the subtle willy-wave, Stoner…. 😉

http://i-resign.com/uk/financialcentre/tax_calculator.asp

A smidge over £50k take-home, or £4200 a month.

Now THAT'S the subtle willy-wave, Stoner….

my double bluff is the implication that £75k or more is not genuinely a willy-wave 😉

Its like contract bridge round 'ere! 🙂 eight no trumps.

"£75k salary – you see about half of that." No almost exactly 2/3 of it. £50k or £4200/month.

If its based near Southampton it will have to be Mondays or Fridays.

You're recruiting? How do I get an interview?

What is this, The Apprentice?

IHN – Move to London would be the first step unfortunately. Might be after some Technical Project Managers for 3-4 month contracts soon if that is any good. Wouldn't need to move then

£75k salary – you see about half of that." No almost exactly 2/3 of it. £50k or £4200/month

Take off other taxes you'll pay on everything you buy (that you can claim back with your own business) and you'll be down to about half.

"Rosie, Drain – You have not got the job"

Why not?

Because that is exactly what your applicants will be thinking

Ah, London, no thanks.

And I'm not really PM material, on account of the fact that I'm not congenitally paranoid and impatient.

WCA – Technical Project Managers? where based?

if someone is on a £75k salary, why aren't they running their own business instead, earning more and paying less tax?

Because some of us make the choice to not use tax avoidance/evasion techniquies so that we pay our fair share.

Take off other taxes you'll pay on everything you buy (that you can claim back with your own business) and you'll be down to about half.

What other taxes? Take home pay on a salary is determined by income tax and NI conributions.

Well………

If it's Salary and you've got no choice then, assuming a standard tax code and no pension contribution. Takehome should be ~ £4200 (ish)*

Earning 75k as a Salary it's well worth looking at tax options and using dividend income as an alternative.

Net cost to a company for a Salary of 75k is likely to be around £84000 with Emp NI. So you could negotiate a long term contract and supply your services as a business. Set a Ltd company, register for VAT etc. it may be a bit of a pain but other benefits are you can expence travel, lunch, etc.

Say the business invoices 80,000+VAT a year for your services.
Take a salary of 15000
Expences of 5000
Net P&L ~60000

So take off CT & Tax on divs and add back in you 15k a year salary your takehome is going to be ~ £5000 ish*

*This is all guestimated and could be hugely wrong

Tiger6791 Not sure how hapopy the taxman would be with your idea. You have heard of IR35?

Surf-Mat not what the OP asked.

tax avoidance/evasion

Whoaaa, two very different things

Avoidance = Legal and why wouldn't you?

Evasion = Illegal

If your salary is £75K, what is your monthly take home pay after taxes etc

Do they even bother with taxing such small amounts?

<adjusts cravate and reaches for another beluga canape>

You have heard of IR35?

Bit misty on that one…IR35… hmmm, yep, not with you

Notice the 15k Salary on whick PAYE & NI & EMP NI would be paid?

To be fair, claiming expenses against your business which are not related to it but the personal is arguably evasion, even though it is wide spread.