to ask what you take home if you earn £42k a year?

[Inthemoment38]

DP has a new job starting soon and the salary is £42k per annum. This will mean a big change in lifestyle for us.

If you earn £42k, what would your take home pay be each month after tax, NI and pension? He doesn't have student loan or other deductions.

Thank you

Hi

Congrats to your husband on the job

Here’s Link to a good take home pay calculator - www.thesalarycalculator.co.uk/salary.php

About £2450. That’s after tax, pension, NI.

any student loan deductions?

sorry just read your post properly! 2.5k ish accounting for pension

I earn £41,500 and my take-home is about £2,330

Doesn't it depend on his pension contributions?

Depends on your pension contributions. I brought home around £2,200 on that exact salary.

That is with about £130pm student loan repayments though so your husband's would be a little more!

It will be about £2,500 depending on pension contributions.

You can use this website to work it out exactly:

www.thesalarycalculator.co.uk/salary.php

Congratulations to your DH!

Well presumably then just deduct tax and NI.

I earn £43k and take home £2500ish

Thank you everyone, super helpful as ever MN!

What are his pension contributions? I think I brought home about £2.4k when I was on 45k with 10% pension sacrifice and on plan 2 for student loans. There are lots of calculators to plug it into online.

We don't have the exact pension scheme details in front of us right now. Just got the job offer and accepted over the phone. The employer is a charity. I expect it's a fairly standard pension package.

The employer is a charity.

Oh dear. Prepared to be flamed by MN loonies and told that people working for a charity shouldn't be earning the market rate and should basically be working for next to nothing.

www.thesalarycalculator.co.uk/salary.php

Just over £2k but that was after large pension contributions (I added voluntary contributions as well) and tax on private health insurance.

I take home 2143 but that’s after my season ticket loan, pension contribution and additional bought holiday (we have the option to purchase up to two weeks holiday).
I think I earn 41.8k

Just wondering if anyone can confirm that the salary tracking website that's been linked to above is accurate? I've just put my details in and it said my take home is quite a bit more than it actually is!

Just wondering if anyone can confirm that the salary tracking website that's been linked to above is accurate? I've just put my details in and it said my take home is quite a bit more than it actually is!

Did you click through to the pension and student loan tabs, if they're relevant for you? By default it assumes you pay nothing into a pension, which makes a big difference if you do.

@Icanseethepigeon

Have you ticked the student loan box?

In my experience it’s pretty accurate. DH has a horribly complicated salary with his company paying 5k a year for our family’s health and travel insurance plus half of his salary is bonus, he gets childcare vouchers and his employer makes pension contributions (10% of base and bonus) instead of him doing it but this site has always had it within £10 or so 🙈

lifecraft It's OK, on Mumsnet, £42k pa is next to nothing

pigeon thesalarytracker looks OK for me. What's your salary, what's your take home, do you have any student loans, company car, childcare vouchers or other benefits and do you pay into a pension?

Usually reckon a third for tax and insurance, maybe more for pension, union fees or other deductions. Maybe on emergency tax to start, depends on tax code, child benefit etc. Get rebate if needed. Taxable Interest on savings may be increased if they go up