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Paid childcare

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Converting net to gross?

11 replies

mogs0 · 17/08/2008 16:58

Wondering if anyone knows roughly how much £70 net would be gross?

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Nettee · 17/08/2008 17:35

per week?

I think it would be below the threshold for having to pay tax

Per day - not sure - would depend on other earning etc

I think there is a table I have seen somewhere for conversions - I will see if I can find it for you

Nettee · 17/08/2008 17:43

here I assume it means weekly salaries

jura · 17/08/2008 18:22

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nannynick · 17/08/2008 18:29

Net to Gross is hard to do. Gross to Net is easy. I use www.listentotaxman.com to convert Gross to Net.

So to use that, do to Net to Gross, you initially have to guess what the gross amount is. If it were £70 net per day, 5 day week, then that's £350 net per week, which I will start the guess at £475 gross. Using ListenToTaxman, I then play with the figure until the net figure matches the best. £460.21 gross per week, gives £350 net per week, 08/09 tax year, assuming single person under 65 with standard tax code.

mogs0 · 17/08/2008 19:36

Thanks! I've never really got my head round the gross/net thing because I've always worked as nanny on a net basis.

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jura · 18/08/2008 10:57

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imananny · 18/08/2008 11:04

mogs - according to nannytax cal

www.nannytax.co.uk/nannies/earnings.html

you would earn 460 gross a week

£18 200 nett

£23 920 gross

mummyofbeautifultwingirls · 18/08/2008 14:51

I think 70 net per day roughly equates to 95 gross per day (assuming it is your only job and you are on the usual tax code)

RachieB · 26/08/2008 17:08

as much as that ?!

I thought / read somewhere it was more like £87 ish ?

imananny · 26/08/2008 17:20

according to nannytax its £91

RachieB · 26/08/2008 17:29

thanks
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