simplesimon
|
You basically need to go to this website: http://www.listentotaxman.com, put in the same details, and it will tell you all you need to know (NB: you might need to click it a few times to get the student loan deductions to take into account, you are definately over the threshold of £15k - which means you pay 9% of your salary above this).
But the summary of it is you will get £1,051.50 a month into your bank account, assuming there are no additional deductions like pension etc.
This would be £1,333.33, but you lose: £175.33 tax, £7.50 loan repayments, £99.00 National Insurance. |
|
Schuutz
|
Contact your local tax office for accurate information. |
|
snetterton
 |
Your tax code remains the same whatever you earn (more or less - some people who get benefits such as free private health insurance have different ones). You will lose very little in terms of paying back your student loan as you are only just over the threshold. |
|
LB
 |
According to the OU's tax and ni calculator, your net income will be £12,712 for the tax year 2007/2008 (until april) |
|
David P
|
522L means that you can earn upto £5225 a year before you start paying tax. The tax is taken every month below is the bands of Tax
Income Tax band Income Tax rate on earned income (see note) Income Tax rate on savings Income Tax rate on dividends
£1 to £2,230
Starting rate: 10%
£2,231 to £34,600
Basic rate: 22%
£34,601 and above
Higher rate: 40%
Also you pay NI contributions and that is worked out on how much you earn and you would need to find out how much they will take per month for your student loan.
I would say without payments to your student loan you would take home about £950 roughly |
|
Minty Fresh
 |
You will come out at the end of the month with approximately £1060. With student loans you don't start making repayments until you're earning over £15,000 AFTER you have graduated. They can't take repayments before you have left university.
Click the link below for a more detailed answer. |
|
tochy
|
Also your tax code refers to how much you are allowed to earn before being eligible to tax in your case £5220 so £16000- £5220 = £10780 @ 22% = £2371.60. I'm sure you can work the rest out for your self. |
|
chubbybloke2004
|
lentils are nice |
|
ryser23
 |
i'm not particuarly fond of numbers, so scatter off to the 'Counting section' of the site, perverouous sicko |
|
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
