1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Hi Guest, welcome to the TES Community!

    Connect with like-minded education professionals and have your say on the issues that matter to you.

    Don't forget to look at the how to guide.

    Dismiss Notice

take home pay ups1

Discussion in 'Pay and conditions' started by jubilee, May 19, 2011.

  1. jubilee

    jubilee Star commenter

    You'll pay just under 10% in NI on the extra money if in the pension and about 11.4% in NI if not in the pension.
    If you're in the pension you'll pay 6.4% of the extra money into the TPS.
    If in the pension, you'll then pay 20% tax on( the extra money earned minus the TPS contribution).
    If not in the pension, you'll pay 20% tax on the entire extra amount earned.
    If paying off a student loan, take 9% off the total extra earnings.
    Divide the annual extra money after deductions by 12 for the extra take-home amount.
    As a rough calculation, you'd get about £135 extra per month if in the pension and about £143 extra if not in the pension.
    You take approx £19 off those figures if you have SLC deductions.
  2. jubilee

    jubilee Star commenter

    I was working on the assumption that the extra pay is about £2500 per year for UPS1.
  3. thanks jubilee

    thats confirmed what i was thinking :)

Share This Page