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take home pay ups1

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

  1. jubilee

    jubilee Lead 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 Lead 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 :)
     

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