Hello & Some Guidance Please

[SueEllen]

Explaination please....

£35K gives you a take home of £26,162.36
£40K gives you a take home of £29,562.36

You only pay 40% on your income above £35K not on the entire amount.

[JamJarST]

£35K gives you a take home of £26,162.36
£40K gives you a take home of £29,562.36

You only pay 40% on your income above £35K not on the entire amount.

Thanks SueEllen, that is exactly what I meant but I was being flippant. Sorry all for not being detailed in my original reply.

[Tealer]

£35K gives you a take home of £26,162.36
£40K gives you a take home of £29,562.36

You only pay 40% on your income above £35K not on the entire amount.

Just to be further pedantic, I was not implying that I previously earned 35k as a permie. My point was that once you get past the 35k mark, you lose the 40% above 35k, and i'd rather have that in my pocket than Her Maj's tax coffers .

In the meantime, you'll be interested to know the contract is going well.