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Topic: payroll deductions  (Read 1696 times)

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payroll deductions
« on: August 03, 2005, 11:46:28 PM »
Can someone give me an idea of what should be expected to be deducted from each weekly paycheck. If the gross amount is say 600 pond, what would the net be?

Thanks


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Re: payroll deductions
« Reply #1 on: August 04, 2005, 12:24:43 AM »
http://www.1do3.com/uk/page.php?x=3,506,4793

This calculator will give you a best guess on what your take-home pay will be.

PaulaH
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Re: payroll deductions
« Reply #2 on: August 04, 2005, 09:34:16 AM »
Remember you'll still have to deduct any pension payments and any travel expenses (if you buy a monthly/yearly pass from your employer).


Re: payroll deductions
« Reply #3 on: August 04, 2005, 09:43:02 AM »
http://www.1do3.com/uk/page.php?x=3,506,4793

This calculator will give you a best guess on what your take-home pay will be.

PaulaH

That is so helpful, thanks a bunch  ;D


Re: payroll deductions
« Reply #4 on: August 04, 2005, 12:57:07 PM »
Paula, that is a great site. Thank you?

Lola, are pension payments optional? Actually, could you explain the pension thing to me. Travel expense and passes, what are you refrerring to here?

Thank you


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Re: payroll deductions
« Reply #5 on: August 04, 2005, 01:02:40 PM »
Yep -- pensions are optional.  Unless you're independently wealthy, though, I'd suggest you do some sort of saving for your future as the state pensions over here are really quite low and are in the same trouble as the US social security system.  I contribute 6% of my gross monthly pay and my employer contributes 12%.

Travel passes -- depends on where you work, but I can buy a year-long bus or metro pass at a discounted rate.  For ten months out of the year, they take £37 out of my cheque to cover the cost. 



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