Salary question re dropping to 4 days

[Chester6girls]

Hi there, I am currently on a salary of £54000 and work 5 days. If I were to drop to 4 days does anyone have an idea of what my salary would reduce to and would my tax bracket change? Thanks

??? Surely you can work out your salary, it would be £54000/5 x 4, if its an exact change from 5 to 4 days (rather than 37 to 31hrs for example). So £43200.

Look at the salary calculator website if you want an accurate calculation with pension, tax, overtime, student loan etc.

Edited to say not sure why it quoted the whole post when I replied, hate it when other people do it but can't delete it under edit!

Assuming you work the same hours every day then it’s £54000/5 x 4 = £43200 which would take you back into basic rate tax.

I think you don't deserve to have a salary of £54k if you cant work that out.

£43,200 would be your new gross. This is based on your figure being your current gross and not your current take home pay (I assume it's gross but wanted to caveat).

Do you pay into a pension via salary sacrifice? If so, it's possible your current pension figure takes you below the higher rate tax threshold already in which case your tax bracket wouldn't change. If you don't pay into a pension, or the contributions aren't via salary sacrifice, or they don't total >4k per year then you will currently be paying higher rate tax on a small portion of your wages. On your new salary you will pay tax at a basic rate only.

Common sense would suggest ask your payroll department.

I failed GCSE maths and even I can work out how to figure that out!

Also, Google it:

www.gov.uk/government/publications/spring-budget-2024-overview-of-tax-legislation-and-rates-ootlar/annex-a-rates-and-allowances

What do you do on 54k that you can't work that out?!

Just multiply it by 0.8 and then go on Salary Calculator...

🤣🤣🤣🤣 ^ this!!!

Thanks for all the lovely comments! The good news is that I can work that sum out, but didn't think it would necessarily be quite as straight forward as I wondered if I might then be in a different tax bracket. (A good friend in the same role had mentioned because of the tax difference when her salary reduced, that she wasn't that much worse off every month when she reduced to 4 days). Nevertheless I will look into it myself as wasn't expecting the messages I got. Thanks all and have lovely weekends.

The difference it will make to your gross pay is what you asked. That's trivially easy, so that's why you got snark.

You actually want to know what difference it will make to your take home pay. We can't tell you that because we don't know your pension contributions, your marital/child situation or your student loan. But there are calculators online which can help you work it out. From next year it wouldn't affect child benefit anyway.

Don’t be a knob.

The difference it will make to your take home will depend on if you have student loan repayments, and if so, which repayment plan, what your pension contribution is and if you have other deductions from your salary. The most accurate way to work out your new take home would be to speak to HR and payroll because then you can also work out annual leave entitlement too. There is a part time salary calculator (Google it) that you can put your deductions in and it will give you a rough idea.

Did you mean to ask what your take home pay would be? It's not surprising that you got the answers you did to an apparently obvious question

There are loads of take home calculators online

There are a lot of bell ends on here enjoying making out you just need to work out 80% of 54k. My take home salary on £70k only ended to being 11% down at 0.8 once less NI, tax, pension contribution had been factored it. Plus I’m sure there will be some increase in child benefit.

I feel so naive that up until having my baby 8 months ago I genuinely thought mumsnet was mums advising each other and helping one another out!

@Chester6girls I bet losing a day won’t cost you as much as you think and I hope that you can make it work.

Its very easy to work out change to gross as others have pointed out but not net, yes your tax bracket should change downwards, your pensions conts will also be now a % of your reduced salary.

I'm shocked that someone on £54,000 a year could not work out this very basic calculation themselves.

https://www.thesalarycalculator.co.uk/salary.php
You can adjust for your student loan and your pension contributions with this calculator.

Your salary and your take home pay are two completely different things though.

OP asked about her salary which WOULD be a very straightforward 80% of her current wage

Your salary is the set amount advertised before any deductions and does not change dependent on your NI, student loan or anything else, your take home pay would.

But tbh even if she'd asked about her take home pay it's an odd question to expect anyone else to be able to answer without knowing your exact details.

If OP had asked "how can I work out what I'd actually take home if I reduced my £54k salary to 4 days a week" she probably would have only got helpful answers.

Garbage in = garbage out as the computer theory goes, or "ask a stupid question, get a stupid answer!"

Let me google that for you

Please let me know how you got on
I’m in exactly the same situation but £52k with nice car which means I pay 40 tax on so looking to go 4 days would the TAX reduction back to 20% be better for maybe the little extra in my pocket ????

I think you need to know the taxable value of your nice car to work this out

I spend far too much time on Salary Calculator website - it has all the tools to work this out.

@Chester6girls just wanted to say the nastiness is probably also jealousy over having a wage which is probably higher than most. I knew exactly what you meant. Hope you got it all sorted despite the unhelpful comments here.

there are websites that work that out for you