someone please help me.
i have been offered a job at 30 hrs per week.the letter says this
....role is a 30 hour per week role with a proposed starting salary is £19,427 pro rata per annum. You are also entitled to a 6% pension contribution subject to satisfactory completion of a standard three month probationary period...
how much does this mean i will actually earning after tax,ni etc??
i am very confused....!
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Thread: help, pro rata per annum??
03-08-2009 11:24 AM #1Noob
- Join Date
- Aug 2009
help, pro rata per annum??
03-08-2009 11:46 AM #2Be happy, accept those you care for, and live your life in a manner true to yourself, those you care for, and the values you hold dear to your heart.
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03-08-2009 04:36 PM #3
As ShyBoy says, Pro Rata means proportion of a full salary. As your are being employed 30 hours a week, and an average working week is 37, you'll be getting about 81% (although this depends on what your employer counts as a full working week).
Per Annum means a year.
Your Income Tax will currently be 20% of your income, although your first £6,475 won't be taxed (assuming this is your only income).
Your National Insurance is currently roughly 11% of your salary (exact contributions depend on a number of factors).
If you are a recent graduate and taken out a student loan you'll have that automatically deducted from your salary. Find out more about paying back a student loan.
Your 6% pension contribution means that 6% of your gross salary can be put into a pension scheme (usually matched by a contribution from your employer).
(the following is an unchecked calculation, i can't be held responsible if it's wrong!)
Roughly this means your pro-rata gross salary is £15,751. You'll have to pay £1855 in Income Tax and about £1000 in NI. Which means you'll get about £1070 a month (excluding any pension or student loan contributions).
All that said, the easiest thing to do is ask your HR / peronnel to tell you what your take-home pay (known as your net salary) will be. They should be able to give you a fairly accurate estimate.
Hope this helps...
Last edited by Olly_B; 03-08-2009 at 04:42 PM."You can not become if you only said what you would have done." So Do-it.
03-08-2009 05:02 PM #4G Guest