Part time pay

[mummyandbaby]

I would be grateful for help converting pro-rata pay to an actual salary. I am confused by the various ways this can be calculated. Is this the correct way:

no. of hours divided by full time weekly hours x pro rata salary = actual salary

I don't think that will give you the right answer. I think you'll end up with a smaller figure than the part-time salary that way.
Try:
Pro rata salary divided by hours worked x full time hours = actual salary

Turtle is correct, I think.

Thanks for your replies but that formula does not seem to work out. The salary advertised is £20,000 pro rata, working 17.5 hours a week. I have been told that is based on a 36 hour week full time. It is all so confusing, any more help greatly appreciated.

10.68 per hour
186.97 per week
9722.22 per yr ???

Not sure if thats right i'm crap at maths but thats how i work out my pro rata pay it it usually works out about right

Well 17.5 is slightly less than half 36, so will be slightly les than 10,000

or if you mean 20,000 is the actual salary then the pro rata is just over 40,000

That's right. 36 hours x 52 weeks is £10.68 an hour. 17.5 hours x 52 x 10.68 is yearly salary.

9722 or 41,143, depending which you mean

It will be 48.6% hours (17.5/36), so will get 48% of £20,000, which is £9720.

Don't forget that you will pay substantially less tax on that amount, so per hour you will be better off that if you worked full time, IYSWIM.

HTH

Thanks for your help. My calculations were almost correct. Does anyone know how much you are entitled towards childcare fees if you work over 16 hours a week. At the moment, I would not be left with very much at the end of the month. Many thanks.

No idea, but try here and should help.

You can claim up to 80% of your childcare fees depending on income, and you can claim childcare vouchers out of your gross income (not sure if you can do both of these tbh)

Have you looked into tax credits?