- 87,573
- Rule 12
- GTP_Famine
Oooh, for comparison's sakes...
Say someone earns £22,000 a year - the average annual wage in the UK, and equivalent to roughly $39,000. How much of that salary goes in taxation and other things deducted at source?
In the UK that person would earn £1833.33 gross per month. They would pay roughly £304 a month in income tax and £91.66 a month National Insurance at 5% (which goes, in effect, to pay your state pension once retired). Many people have private pensions too and will pay at between 5% and 6% (depending on the scheme) of their basic salary to this.
Our £22,000 earner, at £1833.33 ($3263.33) gross a month would take home £1437.66 ($2559.03) a month net (or £1346 ($2395.88) a month net with private pension contributions - voluntary - at 5%).
Say someone earns £22,000 a year - the average annual wage in the UK, and equivalent to roughly $39,000. How much of that salary goes in taxation and other things deducted at source?
In the UK that person would earn £1833.33 gross per month. They would pay roughly £304 a month in income tax and £91.66 a month National Insurance at 5% (which goes, in effect, to pay your state pension once retired). Many people have private pensions too and will pay at between 5% and 6% (depending on the scheme) of their basic salary to this.
Our £22,000 earner, at £1833.33 ($3263.33) gross a month would take home £1437.66 ($2559.03) a month net (or £1346 ($2395.88) a month net with private pension contributions - voluntary - at 5%).