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Take home pay of £5500 per month

(14 Posts)
oldfatandtired1 Mon 05-Nov-12 18:10:29

How much is that in gross annual salary? (Background - separated from husband and starting to gather info for divorce. I thought his annual salary was 80k per annum but I think it must be more than that?). This sum is after his pension contributions of 4% salary.

JustMeAndTwo Mon 05-Nov-12 18:14:04

i think this website may help?

LFCisTarkaDahl Mon 05-Nov-12 18:14:06

It's about right - I make that about 84k.

That's low pension contribution. He might raise it so you get less.

BluelightsAndSirens Mon 05-Nov-12 18:15:27

this should help

Theas18 Mon 05-Nov-12 18:17:50

If the 5.5k is after tax take home pay surely the gross income is much higher than that?

oldfatandtired1 Mon 05-Nov-12 18:41:38

Theas18, that's what I thought. Don"t suppose it really matters as he'll have to provide disclosure. LFC - he can put more into the pension if he likes, after a 22 year marriage I want a pension share as my own pension provision is not great (at home with kids, part time jobs etc)

lucjam Mon 05-Nov-12 18:49:45

£5.5K take home is way more than £84K, unless my husband is squirrling money away... I'm thinking about £100,000

so I guess you do

£100,000 take away 40% = £60,000 plus 9,000 personal tax allowance = £69,000 divided by 12 months = £5750

does that help?

lucjam Mon 05-Nov-12 18:50:42

of course above calculation doesn't take into account tax paid on company car, tax paid on expenses or private medical insurance etc or pension contribution or childcare vouchers or charity donations taken at source.

emsyj Mon 05-Nov-12 18:53:55

I used to earn £86k and took home £4.5k approx after 5% pension contributions if that helps...

lucjam Mon 05-Nov-12 18:53:56

oh yeah but then he will only pay 40% on anything over 40k, so it might be slightly less than 100k, i'll go away now

oldfatandtired1 Mon 05-Nov-12 21:06:58

emsyj that does indeed help. I'm thinking his gross is in the circa 100k. And he thinks we'll go 50/50 on the house with no maintenance while I earn20k per annum . . .

CogitoErgoSometimes Tue 06-Nov-12 08:32:28

Listen To Taxman Calculator

Using the table linked, a gross annual salary of £103,000 results in a take-home of £5,493.22/month net. That assumes all he receives is salary and gets the full personal allowance, of course. If he has a company car or other perks, or if he pays into a private pension, then his gross could be higher again.

RedHelenB Tue 06-Nov-12 18:10:21

Bear in mind that he can go back to court to reduce any maintenance payments if his circumstances change. personally I would go for as much as you can in the way of assets so that your finances are in your hands. Is he self employed?

oldfatandtired1 Tue 06-Nov-12 18:44:58

Not self employed, no. Senior manager in a large company. I would prefer most of assets with no maintenance, just trying to work out what's best for me. And while I know nothing is set in stone I believe he's about to get a big promotion at work (LinkedIn stalker . . .)

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