Can you help me work out take home pay please

[Takehomepayhelp]

Hi,

Have received a pay rise from 46,500 to 50k. Current pension is 252 and pay 74 for 5 days extra annual leave.

Can anyone help me work out what my new take home pay is likely to be?

Have a student loan but it's paid via DD so not included in the take home info above.

Thank you!

https://www.thesalarycalculator.co.uk/salary.php

I've tried this but honestly I don't understand how it works. Job isn't in finance...

I don't understand the salary sacrifice but, it's just 72 for the holiday, but I don't know how to input that into the form.

I always use this website…

https://listentotaxman.com

…based on your numbers above your monthly take home pay would be £3038, this is based on your actual pension deduction being £252 per month.

Hi you need a bit more info to work it out, but the salary calculator linked by PP is great once you understand it

The £72 for extra annual leave is usually a salary sacrifice (and the number ties in). The amount is calculated by taking your daily gross salary, the calculator will give you this, multiplied by the number of days being purchased, then divided across the 12 monthly payments. A higher salary would mean a higher monthly deduction as each day will cost more (£80.13 pm on 50k. This would need to be entered into the "I sacrifice £X tax exempt, of my salary every Month" section on the salary calculator

The pension arrangement is also not clear from your post, is the absolute value £252 going to stay the same? usually but not always pension are a percentage of your salary, is this your set up? is the pension a salary sacrifice arrangement? Is it the auto enrolment (I suspect not unless you have upped that contribution)? from the numbers you have given it looks like it would be 6.5% (an uncommon percentage) salary sacrifice pension...but that is a guess and really need to understand the set up to give a proper number. You would enter this into the pension section on the salary calculator website

If we use £50k, increased annual leave cost £80pm, and £252 salary sacrifice pension contribution, take home would be approx. £3,054 per month vs current £2,848 so roughly £200pm extra take home...as I say this could be different depending on the pension set up but probably only by £20 or so, once you know you could use the salary calculator to put the correct pension arrangement in...I find it is usually accurate to within £10ish

Should have said that assumes full personal allowance, no additional BIK etc

Just goigle
take home pay calculator

£74/month for extra leave ( I assume you mean the 74 if deducted each month) deducted from £50k
= £49112 left so use this as your actual salary for the calc

Then add the £252 into the pensions section

Next section pension

Next
the yearly is hidden as I couldn’t fit it on the screen so You’re seeing monthly here but you can also get weekly and daily if you like

Result = £3058.59 / month.

I should have said once you’ve added in the pension amount of £252/month just
press
whether you want the figures per month, day , week, year etc then
press Calculate
and it automatically generates all the above figures

Thanks so much everyone!