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net pay

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bulgarianboy | 15:21 Fri 19th Jan 2007 | Jobs & Education
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I am on a salary of �50200.00 I will receive a one off bonus payment of �18k in march on top off my usual salary. My tax code is 475L. Does anyone know how I can calcualre what my net pay will be for that one month?

Thanks
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Avatar Image niki2002
That month you will take home just over �10k, tis includes your normally salary. Basically cos of your annual salary you are charged 40% tax. So 40% off the 18k plus your standard take home pay should come to just over �10k.

Now all you have to do is decide how to spend it!!

18:02 Fri 19th Jan 2007

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