How much is someone's annual gross salary if they take home...

[schnapps]

£2,500 per month? And does it make any difference if they're self emplyed?

I'm sure there is a simple way of working it out but I don't know how so I'm asking you guys

it you put salary calculator into Google or similar words it will bring up short cuts to sites where you can calculate gross pay or net pay

Thanks for your reply Ghost, I can only find sites that work out net income though.

It does make a difference it the US if you are self-employed as you have to match your payroll tax that would otherwise come from your employer. I would run it through my payroll calculator but it only has the US taxes on it.

c £40,000 I would guess.

Hello - It's £40,000 !

Take the net monthly income and multiply by 12 to anualise - gives you £30,000 net per year - divide by 75 (ie assuming basic rate tax paid at 25%) and then multiply by 100.

Why do you ask ?

Thank you

The info is for a friend, her partner is very secretive about how much he earns and she's trying to work it out

Mmm - you start paying 40% tax at c. £33K though so gross is probably a bit higher.

If self-employed in the UK there is no such thing as "take-home" pay though, not in the sense that it's already taxed - their pay is gross and a proportion has to be stashed to pay annual tax at the end of the year. In which case the gross would be £30K here and the net would be about £22-23K. (Very roughly).

About £43k according to here

You start paying 40% tax at 33grand? Bloody Hell.

Oh, actually salary threshold might be higher but if a company car is involved it brings it down (iyswim)

Oh, no, I was right the first time, it's £32,400 - table here (scroll down)

jan - -isn't that £32 K on top of the £4.7 K free pay allowwance though?

Oh, yes, iota! I forgot that bit - so I was right the second time - company car value comes out of allowance.

I take home that amount and my salary is £38.5k.

Do you have a company car, toothy?

(For a moment there I thought you were a new MNer who rhymed with fagash, lol!)

No, but I'm a Contractor. I only pay income tax and Employee NI on minimum wage. The rest is paid to me as Dividends which only qualify for corporation tax (19%)...... bit of tax fiddle, but totally legal.

don't upset her jan - -she doesn't have a driving licence

Fagash! lol

lol Iota! Yeah Janh - You are Soooooo insensitive!