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Calculation of public sector pension levy/payments

  • 18-08-2018 8:24pm
    #1
    gutteruu
    Registered Users, Registered Users 2 Posts: 1,061 ✭✭✭


    I am debating switching jobs soon. I am currently on 46.5k/annum and will take up a post of 32k/annum (within the local authority). I am trying to find out the difference in take home pay but I can't figure out the pension side of things. The PAYE I can tot up myself, but I can't figure out how they calculate the pension deductions.

    Anyone know where I could find this info ? The bits I found online don't match my payslips.

    Thanks


Comments

  • #2
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,705 ✭✭✭✭namenotavailablE


    Possibly the free version of my Excel spreadsheet might help although I wouldn't guarantee that it covers every possible variation of pension deduction in the public sector. You can see the annual take-home pay using that.

    It works in Excel 2007 and upwards (Windows only) and uses macro code so you'd need to allow macros to run. Sometimes a computer's security settings automatically prevent macros from running but typically display an alert that this has happened. Click 'Enable macros' or 'Enable content' to allow macros.

    You'd need to set up your employment status as 'Public sector- joined since 1 Jan 2013' and the 'Public sector employment category' as 'Local Authority'.

    Here's what it's showing for a single pay period assuming you're a single person with standard tax credits and are paid every fortnight by the Local Authority:

    Ibvb54G.png

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



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