Thread: How much is the national minimum wage after tax?

Quote: Originally Posted by Hypnodisc Yeah. There are plenty of people on this board that get on their high-horse and scoff at those on benefits. But the majority of those people will be getting more than, lets say, 15k/£7/8 an hour plus. They wouldn't be able to survive on minimum wage and would end up claiming too. What's the problem? I agreed with you that it was terrible and that it was a crappy system. Dont jump in with you...

Thanks. Those numbers sound about right. As Paul Daniels used to say................" not a lot"

Quote: Originally Posted by *Confidential* What's the problem? I agreed with you that it was terrible and that it was a crappy system. Dont jump in with you assumptions about salaries. I'm currently on £7 per hour GROSS. Oh no no I apologise, I wasn't having a go at you! I was merely clarifying a little more

Using data from http://listentotaxman.com/ (which I find is fairly accurate, to a few pence and is more flexible): 35 hours at £5.80: £767.27 a month or £177.06 a week 37.5 hours at £5.80: £810.63 a month or £187.07 a week 40 hours at £5.80: £853.98 a month or £197.07 a week I have to do fewer hours and get paid less than that - now that REALLY is "not a lot"!

For 40 hours it's £197 after tax and NI.

It's not just the spongers on benefits that are in the firing line, but also those people/companies that dodge their share of paying taxes too. The system allows them to do this, or there are 'allowable loopholes' that let them 'evade' such payments into the UK system. Sure a few people will say if they couldn't dodge a few hundred million in tax they'd bugger off to Switzerland or Jamaica, or somewhere. But...

Take away 22%.

depends on the 3 digit tax code doesn't it?

Wait til the tories get back in, they will eother scrap the minimum wage all together, or just keep it at £5.80 for the next 10 years rendering it pointless.