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How the everloving hell do you work out bonuses/overtime??

8 replies

Dreamwhisper · 24/10/2022 16:06

Any maths wizzes out there who can help me?

Basic gross monthly salary is £2,006.

Done some overtime which will equate to £648.

Any idea how much I will get? It's all to be paid in the same month and usually I'd just wait and see but I'm desperately trying to work out my budget.

OP posts:
LittlePinkBalloon · 24/10/2022 16:07

Do you get double time/time and a half? Not really enough info there.

Aqwertyone · 24/10/2022 16:09

I use this calculator (it is easier to put one off overtime as a bonus as you already have the gross figure for it):

www.thesalarycalculator.co.uk/salary.php

Dreamwhisper · 24/10/2022 16:10

LittlePinkBalloon · 24/10/2022 16:07

Do you get double time/time and a half? Not really enough info there.

That shouldn't matter as I've given the exact amount the overtime totals I think?

OP posts:
HermioneWeasley · 24/10/2022 16:11

Are you asking what your net pay will be after tax, NI etc?

LIZS · 24/10/2022 16:12

Won't you be taxed at 20% and pay ni on £648. So probably around £500 net.

Dreamwhisper · 24/10/2022 16:13

Nevermind I've figured it out thank you @Aqwertyone I did try that calculator but couldn't figure out how to do the bonus until you said Smile

OP posts:
NumptiesIncorporated · 24/10/2022 16:13

Do you pay into a pension? Are you repaying student loans? What is your tax code?

Kite22 · 24/10/2022 16:21

What Numpties said.
I know my ds was cross that the student loan payment went up when he did some overtime, even though it was a one off one month.
Other folk won't have student loans.
Then people pay different amounts into pensions.

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