calculating take home pay

C

Curleysue

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Hi

can anyone help with working out net take home pay.

my husband has just got a job with the public sector he will be earning €26150.28 pa. I am currently out of work so can only assume he can use my take credits.
Has anyone got a formula on how to work out take home pay?

Thanks
 
GROSS PAY 26,150.27

tax 280.17
Employee prsi 782.08
USC 1,149.32

NET PAY 23,938.70 / 52 = 460.36


Quick calc. open to correction .
 
Pension Levy and pension related deductions will also come out of that figure. I am not sure of the %s on this but it will reduce the NET pay even further I'm afraid.
 
Thanks for the replies. Is there any where I can find out the %s of the pension levy and pension related deductions?

Thanks agaion for all your help
 
The pension levy is 7.5%. The pension related deductions depend on what section of the public service you are working. In Education it is 6.5%. This means that 14% of salary is paid towards pension. The relevant payroll section of whichever Department your husband will be working should have this information.
 
Try my spreadsheet [either the Excel 2003 or 2007 version- 2007 is best]. It's at the following address:

http://taxcalc.eu/monthlyss

It handles both private and public sector employments and should (I think) automatically deduct the correct public sector pension charges. Leave a message here or PM me if you need a hand with it.
 
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