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back of an envelope calculation please

alfa beta · 2012-06-02 23:48:51

Can i ask a favour of someone more in that know than me. I'm just wondering roughly how much I need to earn gross (in a standard paye set up with standard tax credits) to end up with 2000 a month net. I'm only looking for an approx figure and would appreciate any help from people here. thanks.

02-06-2012 11:48pm

#1

alfa beta

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Can i ask a favour of someone more in that know than me.

I'm just wondering roughly how much I need to earn gross (in a standard paye set up with standard tax credits) to end up with 2000 a month net.

I'm only looking for an approx figure and would appreciate any help from people here.

thanks.

0

Comments

#2 03-06-2012 12:33am

allthedoyles

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€ 28,650

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#3 03-06-2012 1:05am

rcdk1

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I make it out as €27,937.50 gross per year for a single person with just the basic €1,650 PAYE tax credit to get €2,000 net per month.

{€27,937.50 - ([€27,937.50*0.20]-€1,650)}/12 = €2,000 net per month

Of course there are generally plenty of other credits and allowances to be availed of.

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#4 03-06-2012 11:34am

nompere

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rcdk1 wrote: »

I make it out as €27,937.50 gross per year for a single person with just the basic €1,650 PAYE tax credit to get €2,000 net per month.

{€27,937.50 - ([€27,937.50*0.20]-€1,650)}/12 = €2,000 net per month

Of course there are generally plenty of other credits and allowances to be availed of.

There's also about €800 of Universal Social Charge - which allthedoyles certainly took into account, but which you're blithely ignoring.

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#5 03-06-2012 5:59pm

namenotavailablE

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You can download my Excel tax calculator (shown in my signature line or on my profile page as the forum moderators don't test or trust such calculators) to check this- there is a 'net to gross' tool on the 'Other tools' sheet of the calculator.

Assuming that you're single/no children, it computes a gross pay level of €28630 in 2012- pretty much as per allthedoyles value- for a net takehome of €24000 pa.

Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm

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#6 03-06-2012 8:45pm

Shane732

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There's plenty of tax calculators out there that you can use for this calculation.

There are not 100% accurate but will give you an idea.

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