Annual bonus TAX

[southern_sid]

Mrs just got a bonus of £1500 to be paid next payday.

She is on 18.5k a year.

Does anyone know what she will take home of the £1500.

i guessed about £1200, but not sure.

any help would be sweet.

cheers

 

[Bob!]

won't be more than £1,000

 

[southern_sid]

won't be more than £1,000

over 33% tax on it??

 

[Bob!]

& NI

 

[southern_sid]

& NI

didnt think you paid that on it, just had a look and your right.

f***ing robbing *****.

 

[beorhthelm]

tax rate is 20%, so about third off total including NI.

 

[DTES]

20% income tax, 12% national insurance and 9% student loan if she is still paying that off. So she'll either take home 68% or 59% depending on the loan situation.