What is my daily gross pay ?

What is my daily gross pay ?

Author
Discussion

Register1

Original Poster:

2,143 posts

95 months

Wednesday 9th November 2016
quotequote all
I earn 39,000 per year
I work 4 on, 4 of12 hour shifts,
I get 21 holiday days per year
I pay 1% to pension
I am 55 years old.
Holidays are paid at earnings rate, is, salaried
every month does not change, as I do no overtime.
Every month has same gross pay, and same take home,
give or take a couple of pounds.

Is it just so simple to divide 39,000 by 182,5 ?

Is there more to it?

Thanks all

Sarnie

8,046 posts

210 months

Wednesday 9th November 2016
quotequote all
Register1 said:
I earn 39,000 per year
I work 4 on, 4 of12 hour shifts,
I get 21 holiday days per year
I pay 1% to pension
I am 55 years old.
Holidays are paid at earnings rate, is, salaried
every month does not change, as I do no overtime.
Every month has same gross pay, and same take home,
give or take a couple of pounds.

Is it just so simple to divide 39,000 by 182,5 ?

Is there more to it?

Thanks all
365 - 21 / 2 = 172

£39,000 / 172 = £226 ?

Adam B

27,260 posts

255 months

Thursday 10th November 2016
quotequote all
I hope you pay 1% to pension over and above a generous company pension as that seems very low on its own unless you have other sizeable assets.

Not sure why you mention pension at all for the calculation TBH

Revisitph

983 posts

188 months

Thursday 10th November 2016
quotequote all
Adam B said:
I hope you pay 1% to pension over and above a generous company pension as that seems very low on its own unless you have other sizeable assets.

Not sure why you mention pension at all for the calculation TBH
The employer's contribution to pension is certainly relevant as soon both the employee's contributions and the employer's contributions will be used in the calculation of gross pay so that the tax relief on the former can be clawed back by £1 for every £2 earned over £150k.
Admittedly that will not be important to the OP unless he gets a whopping pay rise but one has to to recognise that the employer's contributions to pension are part of (deferred) pay and so are effectively part of gross pay, something which some employers are pointing out in total reward statements.

Register1

Original Poster:

2,143 posts

95 months

Thursday 10th November 2016
quotequote all
Sarnie said:
Register1 said:
I earn 39,000 per year
I work 4 on, 4 of12 hour shifts,
I get 21 holiday days per year
I pay 1% to pension
I am 55 years old.
Holidays are paid at earnings rate, is, salaried
every month does not change, as I do no overtime.
Every month has same gross pay, and same take home,
give or take a couple of pounds.

Is it just so simple to divide 39,000 by 182,5 ?

Is there more to it?

Thanks all
365 - 21 / 2 = 172

£39,000 / 172 = £226 ?
Thanks Sanie,

That is a way of looking at it.

R1

Register1

Original Poster:

2,143 posts

95 months

Thursday 10th November 2016
quotequote all
Adam B said:
I hope you pay 1% to pension over and above a generous company pension as that seems very low on its own unless you have other sizeable assets.

Not sure why you mention pension at all for the calculation TBH
Hi Adam,

the company pay more than my 1%

R1

Sarnie

8,046 posts

210 months

Thursday 10th November 2016
quotequote all
Register1 said:
Sarnie said:
Register1 said:
I earn 39,000 per year
I work 4 on, 4 of12 hour shifts,
I get 21 holiday days per year
I pay 1% to pension
I am 55 years old.
Holidays are paid at earnings rate, is, salaried
every month does not change, as I do no overtime.
Every month has same gross pay, and same take home,
give or take a couple of pounds.

Is it just so simple to divide 39,000 by 182,5 ?

Is there more to it?

Thanks all
Actually, assuming your holiday is paid then you would be right to divide your salary by 182.5

365 - 21 / 2 = 172

£39,000 / 172 = £226 ?
Thanks Sanie,

That is a way of looking at it.

R1

red_slr

17,266 posts

190 months

Thursday 10th November 2016
quotequote all
Out of interest why do you want to calculate it this way?
I guess looking at contracting? If that's the case you need to add on at least 30% to get a daily rate that is similar to being PAYE. IME.
If not, I will shut up.

Register1

Original Poster:

2,143 posts

95 months

Thursday 10th November 2016
quotequote all
red_slr said:
Out of interest why do you want to calculate it this way?
I guess looking at contracting? If that's the case you need to add on at least 30% to get a daily rate that is similar to being PAYE. IME.
If not, I will shut up.
Hi,
Actually it is to do with some recent jury service, where my company make my salary up from the courts 64.95 per day.

I am at logga heads with my company, who suggest my gross daily pay is just 124.00 per day, which is clearly incorrect.

It's a long drawn out thing, where they even get gross pay and net pay mixed up, so I would like to go back to the beginning and determine my gross daily pay for the 12 hour shifts I work.

Cheers

red_slr

17,266 posts

190 months

Thursday 10th November 2016
quotequote all
Ah interesting!

durbster

10,284 posts

223 months

Thursday 10th November 2016
quotequote all
This tool might be of use:
https://listentotaxman.com

Adam B

27,260 posts

255 months

Thursday 10th November 2016
quotequote all
Revisitph said:
The employer's contribution to pension is certainly relevant as soon both the employee's contributions and the employer's contributions will be used in the calculation of gross pay so that the tax relief on the former can be clawed back by £1 for every £2 earned over £150k.
didn't know that - bloody annoying - when does that kick in?

Register1

Original Poster:

2,143 posts

95 months

Thursday 10th November 2016
quotequote all
durbster said:
This tool might be of use:
https://listentotaxman.com
Thanks,

I tend to use this

http://www.thesalarycalculator.co.uk/salary.php

Both quite similar

Cheers.

Revisitph

983 posts

188 months

Thursday 10th November 2016
quotequote all
Adam B said:
didn't know that - bloody annoying - when does that kick in?
Now.

https://www.gov.uk/guidance/pension-schemes-work-o...

P.S. Back to O.P. You may find that your household insurance covers loss of pay during jury service mine does, or did last time I looked.

Edited by Revisitph on Thursday 10th November 13:11

anonymous-user

55 months

Thursday 10th November 2016
quotequote all
Do you earn 39,000 because of a shift allowance or are you contracted to those hours with that pay?

I would assume that you are pay x% for working unsociable hours and the company do not want to pay that perhaps?

Beetnik

512 posts

185 months

Thursday 10th November 2016
quotequote all
Register1 said:
Hi,
Actually it is to do with some recent jury service, where my company make my salary up from the courts 64.95 per day.

I am at logga heads with my company, who suggest my gross daily pay is just 124.00 per day, which is clearly incorrect.

It's a long drawn out thing, where they even get gross pay and net pay mixed up, so I would like to go back to the beginning and determine my gross daily pay for the 12 hour shifts I work.

Cheers
I'd say they're doing something along the lines of:

4 days on/4 days off @ 12 hours = 48 hours worked over 8 days = 48/8*7 = 42 hours a week.
£39,000/42/52 = £17.86 an hour.
1 day = 7 hours = 7*£17.86 = £125.02 a day.

Still, I'd say it was your hourly rate that mattered (and not your daily rate) and the number of hours you've been unable to work because of jury duty. Multiply 'em up and you should have a fair figure.