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Topic: Taxes and (Potential) New Job!  (Read 782 times)

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Taxes and (Potential) New Job!
« on: April 12, 2009, 02:43:35 PM »
Hey gang,
I am (fingers crossed) hoping to be offered a job on Friday! Yay! Just trying to figure out if the salary is something I can live on given tax deductions and NIN contributions. The salary is 28k GBP, Is this feasible? What would my take home (estimated) be a week (I am single and 25). Would I pay us taxes on it too?

Thanks!


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Re: Taxes and (Potential) New Job!
« Reply #1 on: April 12, 2009, 03:13:12 PM »
to calculate your take home pay- http://www.listentotaxman.com/.  As a single person in London (assuming that's where you'll be based on your username), you'll be just fine on 28K.
Now a triple citizen!

Student visa 9/06-->Int'l Grad Scheme 1/08-->FLR(M) 7/08-->ILR 6/10-->British citizenship 12/12


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Re: Taxes and (Potential) New Job!
« Reply #2 on: April 12, 2009, 03:14:24 PM »
I am single and 25 and am currently living off £13,000 before tax (although that's not in London). My take-home is about £230 a week and I am just about scraping by on that salary - paying rent, bills, food and running a car, although I am hoping to get a graduate job soon that will hopefully pay somewhere between £20,000 and £25,000 :).

You shouldn't have to pay any US taxes on your salary, unless you are earning over about $85,000 a year (over £55,000), but you will still need to file US taxes each year when you are in the UK.

£28,000 is a very good salary for a single person to live off - it's about £3,000 above the UK average salary and many families survive on less annual income than that :). Your take-home salary should be about £400 a week after taxes and NI (you can also calculate it here: http://www.thesalarycalculator.co.uk/salary.php).



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