Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Small bonus

4 replies

wellygang6 · 03/12/2023 15:08

Please can anyone confirm, if I earn £54k and receive a small bonus, how much of the bonus can I expect to receive after tax? 60% perhaps? Thanks

OP posts:
Footprintsinthesand · 03/12/2023 15:22

If you go on salarycalculator.co.uk, there's a section that will calculate it for you

wellygang6 · 03/12/2023 18:13

Thank you @Footprintsinthesand

OP posts:
wobytide · 03/12/2023 18:16

58% (40% tax, 2% NI if England/Wales) assuming your £54k isn't sacrificed down so you still have some lower rate tax space in which case it will be more than 58%

BarbaraofSeville · 03/12/2023 18:20

If you have a student loan, that will further reduce what you get by 9% or whatever your repayment percentage is.

I don't know if bonuses are pensionable so that's something else to check.

New posts on this thread. Refresh page