We have just finished our fully featured, reverse uk tax calculator for tax years from 2003 to 2010/2011.
You just need to enter your chosen/required take home pay and select other options that are relevant to you, such as:
- whether you have student loan repayments
- would like to make pension contributions - salary sacrificed or otherwise
- your known tax code, otherwise we will automatically calculate it from your age/sex
The calculator returns some interesting results.
With average houseprices at £150,000, a 5% repayment mortgage over 25 years would cost £887 a month.
For a graduate, repaying a student loan, the gross income required to satisfy the mortgage alone would be £12,645 per annum.
If you were to include continguencies, running costs, motor etc you would need nearly £1800 a month to live a reasonable lifestyle. The graduate would need a salary before tax of £30,564.
What are average graduate salaries at the moment?
Give our reverse tax calculator