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£25,000 salary, how much take home?

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rmacken
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2006/06/11 21:15:04 (permalink)

£25,000 salary, how much take home?

I know there has been a recent spate of post about how much people earn and anyone filthy rich but this is more on a personal note.

I am about to lose my job and although I am on a comfortable wage at the minute I was wondering how much I can drop before I owe more than I earn. Obviously I know how much my bills are and know how much money is left in the kitty at the end.

So I was wondering how much money is taken home after tax (normal rate) and NI on a wage of £25,000?

Thanks in advance
#1

29 Replies Related Threads

    footdee
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    RE: £25,000 salary, how much take home? 2006/06/11 21:20:18 (permalink)
    #2
    mafiapinkdog
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    RE: £25,000 salary, how much take home? 2006/06/11 21:21:25 (permalink)
    About £1500
    #3
    Worf
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    RE: £25,000 salary, how much take home? 2006/06/11 21:21:39 (permalink)
    try this

    http://www.freelanceuk.com/money/payslip_calculator.shtml

    of not theres is other stuff using google
    #4
    PAGAN
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    RE: £25,000 salary, how much take home? 2006/06/11 21:22:26 (permalink)
    £1,530 or there abouts mate

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #5
    rmacken
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    RE: £25,000 salary, how much take home? 2006/06/11 21:25:11 (permalink)

    ORIGINAL: footdee

    Try this...

    http://www.digita.com/taxcentral/home/employment/payslipcalculator/default.asp


    Just tried that one and its says £1266.58 a month! If this is right I maybe selling my house and the kids! LOL!
    #6
    footdee
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    RE: £25,000 salary, how much take home? 2006/06/11 21:32:44 (permalink)
    ORIGINAL: rmacken


    ORIGINAL: footdee

    Try this...

    http://www.digita.com/taxcentral/home/employment/payslipcalculator/default.asp


    Just tried that one and its says £1266.58 a month! If this is right I maybe selling my house and the kids! LOL!


    I got it as £1555.57 using tax code 503L which is near enough what the others are saying.

    You will have to pay tax on whatever you get for selling your family lol
    post edited by footdee - 2006/06/11 21:33:39
    #7
    PAGAN
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    RE: £25,000 salary, how much take home? 2006/06/11 21:35:53 (permalink)
    Honestly mate it's around £1,530 , I dug out an old pay slip from a couple of years ago when I was on exactly £25000 a year , the only reason I couldn't give an exact figure is coz I had an extra deduction for union fees

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #8
    Dutch24
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    RE: £25,000 salary, how much take home? 2006/06/11 21:50:21 (permalink)
    It actually works out to £1600, as tax is 22%, give or take a few percent

    But I, being poor, have only my dreams;
    I have spread my dreams under your feet;
    Tread softly because you tread on my dreams.
    -William Butler Yeats.
    #9
    kitty
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    RE: £25,000 salary, how much take home? 2006/06/11 21:53:39 (permalink)
    It was approx £1400 for me when I was earning that sometime ago but I think tax rates are more in favour now.....wish I was earning that again now

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    #10
    symzie
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    RE: £25,000 salary, how much take home? 2006/06/11 21:56:54 (permalink)
    Just over 1500 a month mefinks

    #11
    PAGAN
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    RE: £25,000 salary, how much take home? 2006/06/11 21:57:21 (permalink)
    It actually works out to £1600, as tax is 22%, give or take a few percent

    _____________________________


    F*ck me , do I need to scan my old wage slip to prove I'm right !!! I paid normal UK tax , with normal NI deductions with £9 something union fees each month and I got £1,530 ish when I was on £25,000 a year ! oh and yes that was after they gave 'married' men tax allowances direct to their wages

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #12
    TRAMP
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    RE: £25,000 salary, how much take home? 2006/06/11 22:00:48 (permalink)
    F*ck me , do I need to scan my old wage slip to prove I'm right !!! I paid normal UK tax , with normal NI deductions with £9 something union fees each month and I got £1,530 ish when I was on £25,000 a year ! oh and yes that was after they gave 'married' men tax allowances direct to their wages
    lmfao
    #13
    Dutch24
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    RE: £25,000 salary, how much take home? 2006/06/11 22:02:14 (permalink)

    ORIGINAL: PAGAN

    It actually works out to £1600, as tax is 22%, give or take a few percent

    _____________________________


    F*ck me , do I need to scan my old wage slip to prove I'm right !!! I paid normal UK tax , with normal NI deductions with £9 something union fees each month and I got £1,530 ish when I was on £25,000 a year ! oh and yes that was after they gave 'married' men tax allowances direct to their wages


    You say tamatoe i say tomatoe...........fair play mate

    But I, being poor, have only my dreams;
    I have spread my dreams under your feet;
    Tread softly because you tread on my dreams.
    -William Butler Yeats.
    #14
    rmacken
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    RE: £25,000 salary, how much take home? 2006/06/11 23:00:20 (permalink)
    cheers for your trouble Pagan.....

    are you certain though!?? JK!
    #15
    Big Les
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    RE: £25,000 salary, how much take home? 2006/06/11 23:28:19 (permalink)
    Knock off about 35% and you wont be far off - and you get c.£1500 a month.

    Old trick I was told when I started work was knock 36% off for deductions and you will never be disappointed with what you get - and its always been frighteningly close to the truth.

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    #16
    redmanhyper
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    RE: £25,000 salary, how much take home? 2006/06/12 01:32:04 (permalink)
    Knock off about 35% and you wont be far off !!!
    you gotta love the u.k you get ripped off on what you earn and then get ripped off again when it comes to spending it.
    #17
    Big Les
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    RE: £25,000 salary, how much take home? 2006/06/12 07:49:14 (permalink)
    ORIGINAL: redmanhyper

    Knock off about 35% and you wont be far off !!!
    you gotta love the u.k you get ripped off on what you earn and then get ripped off again when it comes to spending it.


    yes - I worked out that one year 52% of my household income went in various taxes - its a bit better now as we earn more - its more like 45%
    thats if you include council tax, tv licence, car tax, vat, but not the full fuel duty as I cant work out the different rates so i just did utils at 5% and the rest at 17.5% so it was an underestimate.

    Also what is really great - the less you earn the greater the proportion of your income goes on tax - nice eh


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    #18
    AJ85
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    RE: £25,000 salary, how much take home? 2006/06/12 09:24:35 (permalink)
    36% is miles out? I have pension deductions at 6% and union contributions of whatever.. based at 36% my monthly salary works out £160 less than i get..

    I thought the way to work it all out was:

    On a calculator you'd put in

    Annual Salary * Pension contributions % minus that. Then minus the tax free allowance (under 23k i think it's around 4895..) * 22% minus that then * 10% minus that then add the tax free allowance.

    Divide by 12 and there's your monthly income!

    £25k based on NO pension contributions works out approx £1584 based on £4895 TFA
    #19
    kingfortomorrow
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    RE: £25,000 salary, how much take home? 2006/06/12 09:55:28 (permalink)
    #20
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