tax question

ITguy

hi,

what kind of money should I get when Im on 50k per annum?
I have joint Assessment with my wife, I have two children ?
is it nett income 2800 Euro fair enough if I should get 50k yearly ?
In company where I worked before I was on 44k and had monthy 3200Euro.

Can somebody advise ?

thx

RainyDay

Try Karl Grabe's tax calculator

eachtrannach

ITguy wrote:

is it nett income 2800 Euro fair enough if I should get 50k yearly ?
In company where I worked before I was on 44k and had monthy 3200Euro.

Sorry - but unless you changed countries (or personal circumstances, radically) in-between, a lower net income from a higher pre-tax income is impossible. Even without using the tax calculator one can safely say something is wrong here ... and btw - your take-home pay should be around € 3345 unless you are on emergency tax for some reason ...

seamus

Definitely something wrong there.

Since you and your wife's tax credits are pooled, then you are effectively in the 20% band until you are getting paid more than 64k per year. This is of course assuming that your wife doesn't work.

ifah

"Since you and your wife's tax credits are pooled, then you are effectively in the 20% band until you are getting paid more than 64k per year. This is of course assuming that your wife doesn't work."


not true Seamus - tax cut off point for married couple one income is 41k, 64k for both working.

seamus

ifah wrote:

not true Seamus - tax cut off point for married couple one income is 41k, 64k for both working.

Didn't know that, cheers