Hi, my annual PAYE salary is £35,700, I have a company car and a fuel card (unlimited option), putting all that aside, my tax code is K192. I expect a 20% bonus in June that is £7,140. I just wondered what I would see net? A tax calculator that is spot on regards ***** ***** monthly/yearly net is: http://www.uktaxcalculators.co.uk/
Regards ***** ***** it says : From your basic pay, you earned £35,700.00 in the 2010/2011 Tax Year, on which you were taxed £7,568.00 and paid National Insurance of £3,297.80 With your bonus of £7140, your new Annual Gross Income would be £42,840.00 You would owe additional tax of £2,856.00 You would owe additional National Insurance of £785.40 My question is...In anticipation of when I get paid my bonus in June/July for £7,140 gross, will I see only £3,499 NET pay? I don’t have any other pay packet detail with me, but that tax calculator is correct if you input k192 code net = £2,069, would like to get a rough idea today, let me know. Thank you.