£1,150 / Month After Tax - Official HMRC Rates 2019/2020
If you're earning a gross salary of £1,150 per month, you'll take home £1,077 after tax and national insurance. A monthly gross salary of £1,150 will result in a £13,800 yearly salary. We'll use this sum to calculate your tax, NI, and take home pay below.
As we already mentioned above, if your total yearly earnings are £13,800, you'll get paid £1,077 every month after tax, in your bank account.
We've also calculated your hourly rate, which is £6.63, assuming that you'll work a full time 40 hours a week.
You will have to pay a total tax of £22 per month (£260/year)out of your gross £1,150 monthly income.
You'll also have to pay pay £52 National Insurance every month (or £620 per year) in the 2019 - 2020 tax year.
Salary
- Gross
- Tax
- NI
- NET
Year
- £13,800
- £260
- £620
- £12,920
Month
- £1,150
- £22
- £52
- £1,077
Week
- £265
- £5
- £12
- £248
Hour
- £6.63
- £0.13
- £0.30
- £6.20
Salary
- Gross
- Tax
- NI
- NET
Year
- £13,800
- £260
- £620
- £12,920
Salary
- Gross
- Tax
- NI
- NET
Month
- £1,150
- £22
- £52
- £1,077
Salary
- Gross
- Tax
- NI
- NET
Week
- £265
- £5
- £12
- £248
Salary
- Gross
- Tax
- NI
- NET
Day
- £53.00
- £1.00
- £2.40
- £49.60
Salary
- Gross
- Tax
- NI
- NET
Hour
- £6.63
- £0.13
- £0.30
- £6.20
Extra info regarding your £1,150 monthly salary
Personal allowance
One important fact about your £13,800 yearly salary (equivalent to £1,150 / month) is that you have a personal allowance of £12,500 in the tax year 2019 - 2020 (or £1,042 per month). Which means that you'll only pay tax on £1,300 of your earnings for the total year.
Taxable amount
According to our calculations, you'll have a total taxable amount (the part of your salary that is getting taxed) of £1,300 (we extracted your personal allowance from your yearly wage).
Amount liable for NI
As you are earning below the yearly national insurance threshold of £8,632, you won't pay any national insurance on your earnings.