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Golden Hello

Discussion in 'New teachers' started by mflnqt, Jul 15, 2011.

  1. mflnqt

    mflnqt New commenter

    Does anybody know how much the Golden Hello payment is for MFL after deductions?
    I know its £2,500 before,
    Merci a l'avance!
     
  2. PaulDG

    PaulDG Occasional commenter

    According to the tax calculator on i-resign.com, it should be £1725.
     
  3. mflnqt

    mflnqt New commenter

    So around £3,000 including the monthly pay?
     
  4. PaulDG

    PaulDG Occasional commenter

    I don't know... I don't know what your monthly pay is!

     
  5. jubilee

    jubilee Star commenter

    20% off for income tax; 9.4% off for NI if in the pension and11% off for NI if not in the pension; 9% off if paying a student loan and 6.4% off if paying into the pension.
    So, if in the pension and with a student loan, deduct around 45%.
    If not in the pension and you have a student loan, deduct 40%.
     

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