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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4996
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I am paid on a net wage basis, my net wage does not vary and

Resolved Question:

I am paid on a net wage basis, my net wage does not vary and is £910 per month. What will my gross wage be for the new financial year 2014-2015
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

Based on information given your gross wage for tax year will be around £11,724 or monthly equivalent £977.

Here are the calculations -
Gross pay = 977.00
Tax free allowance = 833.33
Total taxable = 143.67
Tax due = 28.73
Nat Ins = 37.68
Total deductions = 66.41
Net pay = £910.59

I hope this is helpful and answers your question.

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Expert:  taxadvisor.uk replied 3 years ago.
I thank you for accepting my answer.

Best wishes