[Closed] 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 😉

[url= http://www.taxcalculator.co.uk/#taxsummary ]Tax calculator[/url]

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>

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 [b]~ £4200 (ish)[/b]*

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 [b]~ £5000 ish[/b]*

[i]*This is all guestimated and could be hugely wrong[/i]

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.

Whoaaa, two very different things

Yes it is, however it isn't black and white. There are things which are open to interpretation as to whether they constitute the former or the latter.

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

How quaint!

[url= http://www.hmrc.gov.uk/ir35/ ]Be enlightened[/url]

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

How quaint!

Perhaps, but plenty of people contributed to my tertiary eduction (for example) from which I have personally benefited. I see it as my responsibility to pay my fair share and contribute back to society. This may well sound "quaint" to you but I simply see it as "doing my bit" for society in general.

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.

Then add on the pension contributions from your employer, sick pay, holiday pay, paternity leave, private health, dental, company car most likely.... hmmmm forgot about that?

£75k = middle Manager in a decent Corporate or £400pd contractor

You've ain't gonna live like a King!

It was a simple question and has been answered thanks.

Not sure how the willy waving stuff works? Does everyone in recruitment earn more that the person being recruited? Our HR babe must be on an absolute packet!

Take off other taxes you'll pay on everything you buy (that you can claim back with your own business

That kind of thing is often a big fat pisstake imo. Sure, if you really do use your house for work, ok, but people claim for everything they can possibly think of regardless of if they would've bought it anyway. Might as well claim cat-food as 'pest prevention technician expenses'.

I'm self employed technically, and all I've claimed for is a copy of Office and a new laptop, since I didn't want to leave Mrs Grips without one when I went away.

I'm self employed technically, and all I've claimed for is a copy of Office and a new laptop, since I didn't want to leave Mrs Grips without one when I went away.

Really?
You're not vat registered/on flat rate vat? You take all your income as salary, none as dividends?

No different imo to buying a new bike on C2W each year.

and all I've claimed for

All I've *claimed* for I said, as in expenses for work.

I do salary and dividends, and a little unfairly. When I'm more sorted I'll up the salary as it's a bit piss-takey now.

'Not sure how the willy waving stuff works?'
Well, it is a bit like waving a glow stick... and how is your shoulder doing?
[IMG] [/IMG]

Somehow;
If your salary was 75k a year and you could not work out your take home pay... then you must not be worth 75k a year to start with... typical management fodder thinks I...

far more than twice what any conscientious.. self-respecting.. responsible human being needs to live in this country..

greedy pig

Not enough.

greedy pig

Now that would amuse me if an interviewer called an interviewee that whilst discussing salary expectations.

far more than twice what any conscientious.. self-respecting.. responsible human being needs to live in this country..

greedy pig

so after your food and rent/mortgage can i have what's left please because you don't need it you greedy pig.

so after your food and rent/mortgage can i have what's left please because you don't need it you greedy pig

I wouldn't be so sure of that Mr Smith.. err.. the answer to your question is a resounding NO!

as well as food and shelter.. we also NEED.. as an antedote to the offensive and thouroughly disturbing capitalist regime.. to nourish our souls.. which isn't cheap in the present climate..

Slightly more the two experienced senior nurses (band 6) – but hay we don’t do it for the money…. apparently

Slightly more the two experienced senior nurses (band 6) – but hay we don’t do it for the money…. apparently

It's also double what two teachers at the top of the pay scale earn. But they only work six hours a day and have huge holidays.

PCM:

Gross £6,250.00
Income Tax £1,660.83
NI £376.66

Net £4,212.50

That's for under 65s

Slightly more the two experienced senior nurses (band 6) – but hay we don’t do it for the money…. apparently

You need to work more unsocial hours then, I know what I get and I'm not at the top of 6. Very close though but yeah not £75k but then it's not private sector.

Pay plenty of corporation tax even if personal taxes are lower so thanks for the high and mighty sentiment you bunch of salary slaves. I guess you are just bitter you haven't worked out how to do it yourselves have you? Those nasty tax dodging, nice car driving people with their financial prudence... 😉

Drac - Been there done that – managed ward and still earn nothing like half of 75k – now work in community so work ‘office’ hours – plus they are not called unsocial hours for nothing

miketually - Member
Slightly more the two experienced senior nurses (band 6) – but hay we don’t do it for the money…. apparently
It's also double what two teachers at the top of the pay scale earn. But they only work six hours a day and have huge holidays.

troll or ignorant ****?

troll or ignorant ****?

Or a teacher being ironic?

troll or ignorant ****?

I'm going to go with neither

It's also double what two teachers at the top of the pay scale earn.

But they only work six hours a day and have huge holidays.

molgrips

Get the company to buy your (or more correctly its) next bike.

Don't need to get involved in c2w, as the company owns the asset and writes it off over 12 months - dispose as required. My 456Ti is almost written down 😆

br is right. Did C2W for two bikes then just bought the third directly through the company. Way easier and more choice.

How win friends the Surf-Mat way 🙄

Actually with the changes to C2W this week unless you own your own company the new right off rules make it worthless to almost everyone. Many companies have dropped it and people already in C2W will possibly getting a shock at the end of their schemes.

Love the photo - I always thought the alcohol made my vision bad. It turns out that alcohol really does make the world blurry!

I am worried that if I earned 75k then I would have no time to go biking.

Having said that the few hours I get are for a disproportionate drop in salary.

Boo hoo

ivantate - you don't EARN 75K, you get paid it. In my experience you there is a curve where the more you get paid , the harder you work but at some point this flattens out and you get paid more without working more and eventually reach the point where you get paid more and work less.

I just need to work out how to get there now.

What is this obsession with earning large salaries? Just live within your means and chase happiness rather than material wealth (the latter has bugger all to do with the former).

£4123.37 a month

mefty - Member
£4213.37

POSTED 10 HOURS AGO #

EDIT: And you transposed the answer.

So I did - guess we both used the same calculator :-/

Yes - I actually provided a link!

Serves me right for not bothering to read the whole thread. I actually got the calculation from an app on my phone though 🙂

That's a bit new fangled for me - do they do those on ASDA pay as you go?

WCA - agree, been there - less about working and more about ensuring the processes/procedures/organisation exist.

Enough to salt some away on a regular basis, pay off your mortgage and get a decent early retirement at 50 (allegedly).