That wage would be nice, if you weren't living in a country with such huge costs of living.
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Originally posted by Provost Harrison
<£15k with weekend work included is really, really poor. Hell, £17k is pretty poor in my opinion. In this part of the world it would be very tight...
The job I want pays a bit more than £21,000. I'll be pleased with that.
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Personal allowance is £4745...10% on the next £2020...22% on the next £28000...therefore the total taxable amount is £202 and 22% of £15000-£2020-£4745 which is 22% of £8235 which is £1811.70. Therefore the total income tax bill is £2013.70.
For national insurance, 11% of everything over £91.01 per week. Now £15000 divided by 52, subtract £91.01 and 11% of that. For the year multiply back by 52 and voila for your national insurance bill (NI for the year: £1129.42.
Subtract both from the £15000 and you are left with £11856.88...check it yourselfSpeaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith
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PA, how much money will you have left over after basics and amenities? I only ask because I'm planning to move out and am thinking of the finances, as well as the essential spare cash."I work in IT so I'd be buggered without a computer" - Words of wisdom from Provost Harrison
"You can be wrong AND jewish" - Wiglaf :love:
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"PA, how much money will you have left over after basics and amenities?"
£16500. £12500ish post tax.
£1000 council tax, £100 a week rent, £30 a week food..(being optimistic!) £10 a week utilities. = £8200ish...
So about £80 a week for messing about with.www.my-piano.blogspot
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Ah! But obviously your earning will only increase with time. I'd put utilities a little higher personally, always best to assume the worse when your planning. If you don't drive (I don't) that will help."I work in IT so I'd be buggered without a computer" - Words of wisdom from Provost Harrison
"You can be wrong AND jewish" - Wiglaf :love:
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Unfortunately, Rent also tends to increase over time.“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man
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