Take home pay again!

[luxCon]

This thread reminds of the C4 TV programme "Benefits Street"

[hugebrain]

Probably an assumption that the person in question is taking state benefits of a rather large amount that the poster thinks is not fair or reasonable.

That assumption is correct (although the state makes a profit on the scheme, so you could argue that it’s fair, but it would be a stretch).

Not a pension.

But I would be grateful if someone could just check my sums for me. He just wants an idea of how low a salary it’s reasonable for him to take.

[Lance]

He’s trying. But if he does it will increase inequality, damage the environment, harm his client/employer.

what is the reason for your suggestion?

Probably an assumption that the person in question is taking state benefits of a rather large amount that the poster thinks is not fair or reasonable.
It might be a good assumption. It might be a bad assumption. It's still an assumption.

I assume that to get 'benefits' as large as that it could be a pension. Maybe a clarification would help rather than allowing conclusions to be leapt to.

[hugebrain]

Question is irrelevant.

Tell your friend to get a job.

He’s trying. But if he does it will increase inequality, damage the environment, harm his client/employer.

what is the reason for your suggestion?

[mallisarealperson]

Question is irrelevant.

Tell your friend to get a job.

[hugebrain]

That is a lot of benefits.

Do you mean income??

Unemployment benefit - or you could call it an insurance payout if you like. Yes, it’s a lot.

[mallisarealperson]

That is a lot of benefits.

Do you mean income??

[hugebrain]

What do you mean by after tax in benefits?

I mean if he currently gets around £78,000 in benefits and pays £15,500 tax on them leaving him with £62,500 to take home.

[eek]

What do you mean by after tax in benefits?

[hugebrain]

Can someone check my calculations please? I’m using https://www.income-tax.co.uk/calculator/62500/

If, er, my friend gets £62,500 after tax in benefits, Is the break even point for working (assuming employers NI is not included) around £105,000 a year = 450 per day ?

The above site says it is, but I guess he would have to add a bit for the apprentice levy and umbrella fees?

Assuming Employers’ NI was paid by the employer (crazy, I know) then he would be looking at £93,000 annually?

If he wanted to make £20 an hour over benefits he’d need £800/day inside IR35?


If I’ve got this completely wrong, just tell me the right figures rather than droning on about how much cleverer you are than me.

TIA,

Huge