Can someone help me with my salary?

[Keepingupwithme]

Afternoon posting for traffic as I'm a bit stuck on how to work this out. I have asked my new manager as he's in the same boat but he's unsure too.

Just started a new job and the salary is 20k.
We are paid every 4 weeks. How do I work out what I'll take home every month? (I'm assuming it will be the same amount each month?)
Do I just divide 20k by 13 months? (Then put into gov website which will show me my take home pay)

My last job was the same amount but I was paid monthly so a bit easier to work out. Thanks , I'm clueless and my manager doesn't know either 🙈

£1326.29 every four weeks after deductions. I used the listen to taxman calculator website.

Does this sound right or is there another way to work it out?

20 divided by 13 = £1,538
Put into gov website - take home pay around £1350

If you’re paid 4-weekly then it won’t be the same amount each month, surely? (I’m paid monthly so don’t know but it seems that way to me)

That's quite odd, it's definitely every 4 weeks not every calendar month?

I'd do 20,000 / 355 7 4 = £1534 so less tax that's your paycheck in theory

Sorry 365 obvs

Yes, four weekly is sometimes called lunar monthly. Divide annual sum by 13.

@Cavagirl

That's quite odd, it's definitely every 4 weeks not every calendar month?

I'd do 20,000 / 355 7 4 = £1534 so less tax that's your paycheck in theory

It’s not that odd, loads of people are paid every 4 weeks rather than monthly

Use the listen to tax man calculator, you can put all your deductions like student loan, pension etc in there to get more of an estimate

20k divided by 51 weeks in the year. times the answer by 4 and that is your gross salary every 4 weeks. youll need to take off any deductions for tax, ni, pension etc.

There are calculators online like PP has said

that should say 52 weeks, typo sorry

I use this

www.thesalarycalculator.co.uk/salary.php

Options to click for weekly/fortnightly/4 weekly etc.

Prior to finding that, I have emailed payroll dept to ask how much my take home pay would be.

Yep just use Salary Calculator or Listen to Taxman website!

www.thesalarycalculator.co.uk/

I find this accurate.

www.thesalarycalculator.co.uk/salary.php

Our salary is £20k- before or after tax? Once you’ve calculated your salary without tax then divide by 13 x

DH gets paid 4-weekly. You're exactly right to divide salary by 13.

Takes a bit of getting used to to manage monthly household expenses - he really needs to keep an eye on pay days versus direct debits. But it's very nice to have (what feels like) a bonus payment in the month you get paid twice!

Thank you everyone. So should my monthly pay be the same every month or will it change? I thought wages only changed if people were on hourly rates not salaried?

Are you paid every fourth week or every month?

@BunnytheFriendlyDragon fourth week. Everyone was paid yesterday (not me as only just started) and we will be paid again on the 29th I believe

£20,000 / 52 weeks will be your weekly pay.

Multiply by 4 (£1,538.46) to get your 4-weekly salary.

If you budget as if that’s your ‘monthly’ pay you’ll get a ‘free’ month at some point which is nice although I detest 4-weekly pay.

@Keepingupwithme

Thank you everyone. So should my monthly pay be the same every month or will it change? I thought wages only changed if people were on hourly rates not salaried?

You need to get this clear in your head - you aren’t being paid monthly - it’s 4-weekly and it will be the same every 4 weeks.

It’s not monthly. It sounds the same but it’s not.

Sounds awful... what day will you have your direct debits come out?

@Merryoldgoat sorry, I meant every 4 weeks 🤦‍♀️ I've been paid monthly in all previous jobs so it'll take me a while to get use to this. As long as the pay is the same I don't mind. I was just a bit worried that it was going to change all the time and I didn't know how I'd work out my outgoings etc 😱

I've also noticed (after I started the job) that the company have terrible reviews from previous employees saying they were always paid the wrong amounts so I want to make sure I know how much I should be paid incase the same thing happens to me and I need to challenge it!