If i earn 22000 pounds per year what is the monthly take home pay?

Not Financial Advice: Assuming that you're under 64 years of age, your monthly net pay will be £1481.48. See the figures below:

SUMMARY FOR TAX YEAR 2013/2014

  • Gross Salary - £22000.00
  • Pension - £0.00
  • Allowance - £9440.00
  • Taxable Amount - £12560.00

INCOME TAX AND NATIONAL INSURANCE

  • Total Income Tax - £2512.00
  • National Insurance - £1710.24

INCOME SUMMARY

  • Net Pay - £17777.76
  • Net Pay (month) - £1481.48

The information presented above is for guidance purposes only. You should contact your employer or local tax office to verify the figures.

  • ALLOWANCE - calculated based on age or tax code. This value represents how much of your salary is tax free.
  • TAXABLE AMOUNT - calculated based on your allowance and pension. The value is affected by your age, tax code or pension amount.
  • TOTAL INCOME TAX - using the figures supplied by the Inland Revenue and your allowance, this is the amount of tax you’ll pay annually.
  • NATIONAL INSURANCE - everyone pays national insurance. This amount is determined using an official Inland Revenue data.

In the news, the minimum wage increased by 12p to £6.31 per hour for those aged over 21. The most recent increase was approved by the Government in April and came into effect on 1 October. See a comparison of European monthly minimum wage at Telegraph.co.uk.

Updated on Monday, November 11 2013 at 12:44PM GMT