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  1. #1
    Join Date
    Aug 2009
    Posts
    1

    Unhappy help, pro rata per annum??

    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....!

  2. #2
    ShyBoy's Avatar
    ShyBoy is offline Born on Earth, raised on TheSite.org
    Join Date
    May 2002
    Posts
    21,295
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  3. #3
    Join Date
    May 2008
    Location
    St Albans, Hertfordshire
    Posts
    222
    Hi DizzyLizzy21,

    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...


    Olly
    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.

  4. #4
    G Guest
    I have found the following website to be quite useful in working out net pay, and has options for student loan and pension deductions.
    http://listentotaxman.com/

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