Net income in the UK for an employee

Net income in the UK for an employee

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Bodo

Original Poster:

12,381 posts

268 months

Wednesday 29th August 2007
quotequote all
I only know what's left in Germany after taxes and social insurance.

Example for an unmarried without kids:

gross wage 100000.00€
pension 6268.44€
unemployment ins 1323.00€
health ins @ 13.8 3334.44€
care ins 470.16€
solidarity charge* 1789.56€
church tax** 0.00€
tax 32538.00€
net 54276.40€


* for building up the east
** church members only

So which deductions are made in the UK? IIRC it was less in total than in Germany.

Bodo

Original Poster:

12,381 posts

268 months

Wednesday 29th August 2007
quotequote all
Plotloss said:
£67793.96 (100,000 Euro)

Netts down to

£45676.39

Thats £22,117.57 (32,627.03 Euro) in Tax and National Insurance

Which is frankly criminal.
You tell me! The calculations are comparable when yours includes everything that is deducted automatically. The employer's share is not included in my calculation. Council tax is significantly less in DE though. Lowest tax rate is 15% (starting from 7,664EUR), and highest is 42% (starting from 52,152EUR).

Bodo

Original Poster:

12,381 posts

268 months

Wednesday 29th August 2007
quotequote all
theboss said:
I'd be interested to see the same German tax calculation based on a married couple (1 working) and kids?
Here you are, one child, shared household:
gross wage 100000.00€
pension 6268.44€
unemployment ins 1323.00€
health ins @ 13.8 3334.44€
care ins 363.36€
solidarity charge* 1199.28€
church tax** 0.00€
tax 24079.92€
net 63431.56€


The discounts for marriage/children is a fixed amount, so the percentage looks better when you earn less.

Bodo

Original Poster:

12,381 posts

268 months

Wednesday 29th August 2007
quotequote all
ACEparts_com said:
£44591 + £9000 = NET £53591 which = biggrin

Edited to say this is in the channel islands. Things are changing a little next year.
swine hound wink sounds like a target!