What do yet paid vs take home

[bjjgirl]

Inspired by another thread, what job do you do?
What do you get paid?
Any over time / bonus'?
What's your take home?

Just because this massively varies, I have huge pension contributions as I am public sector so I take home a lot less than I expected

However I can work over time

So I get paid in flat month 46803
And that comes out as £2658 a month after tax / national insurance

70k salary. Take home 4K a month.

2.5k grifted out of your pay ain’t just student loans or pensions lol.

architect, quite senior but not an associate or director. 47k/ year. monthly pay around £2600 after all deductions.

guys in my office (same level, same experience) get around 10k/ year more - and its pretty much the same across the profession.

What depresses me is the amount of 'tax' you then pay on your net pay:

Council tax
VAT
Student loan - sort of like a tax on poorer people who went to uni 🤣
tax on savings (if you're lucky enough to have them)

I'm slightly depressed by how little the net pay amount seems to go up even when it looks like someones gross pay is so much higher!

Scientific research
£65k salary, £3,400 monthly take home

I'm self employed as a dog walker and earn about 2k per month.

I put 20% aside for tax and NI.

My gross annual salary - including a 10 -15% bonus - is over £100k, which I appreciate looks great on paper, but my employee pension isn't great (5% + 5% employer matched) compared to friends working in senior public sector roles.

As such, I contribute to another private pension, which reduces my monthly take home.

I'll also be taking my bonus in cash this year rather than putting it straight into my pension (deposit on a new house, so need funds up front), so there will a 40% tax deduction on that.

@bjjgirl the more you earn the higher the % of deductions. It’s why I always point out to first time parents financially both dropping to 4 days can leave you with a higher joint net take home than one doing FT and the other 3 days.

Labour (or any other party) might not reduce the tax but I bet we'd actually see more if it actually spent on the country

Yeah, that's what we did. The main benefit though was a close relationship with both parents and I'm not the default parent. We both share the job

@TheAudie exactly.

@midsomermurderess

This is what we did, we took £1,000 out every month and saved it and lived on the remainder.

Our pension income mirrors that "budget sum" without the savings, but we have a large amount of savings both invested and in pull down.

It bloody hurt financially at the time, but Lord God it is worth it now.

If it’s not a bonus month, I get paid 8k, take home 4.5k. 2k/month into pension, 700/month to health insurance (not Uk) & a tax free childcare fund. DH gets paid 13k, takes home 8k (also 2k/month pension).

Gross £3.5k (earn £42k part time)
Take home is about £2.5k

That’s after pension, tax, NI, additional leave (salary sacrifice) and car parking. No overtime, TOIL, bonuses etc. No student loan (too old!)

Work in HE