Donate SIGN UP

how much is deducted from wages

Avatar Image
Maxiyum | 20:39 Wed 06th Sep 2006 | Business & Finance
3 Answers
what percentage of your wages get deducted from what you've earnt? thanks in advance
Gravatar

Answers

1 to 3 of 3rss feed

Best Answer

No best answer has yet been selected by Maxiyum. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Answered here
A rough estimate is to say that you get �100 per week which is 'all yours'. Anything you earn above that amount has one third knocked off in deductions. (22% in income tax and 11% for National Insurance).

As I've said, that's only a rough calculation. It doesn't take into account the 10% tax band which applies to a small part of your income and it assumes that you don't earn enough to pay the higher rates of tax. (It also assumes that you've got a basic tax code). Nevertheless, If you're looking at job adverts and trying to estimate what your take-home pay will be, it's still reasonably accurate.

Chris
Mine works out at about a quarter

1 to 3 of 3rss feed

Do you know the answer?

how much is deducted from wages

Answer Question >>