4 day work week - reduced pay, reduced leave & obviously ensuring a slightly reduced work load?


Apologies for raising an old thread but how are you calculating 4 day week will only cost 20% of net pay?
 
DCSF said:
Apologies for raising an old thread but how are you calculating 4 day week will only cost 20% of net pay?
Click to expand...
Simple maths. But you can just bang the numbers into an online tax calculator to check for yourself. If you reduce your gross income by 20% it shouldn't cost you more than 20% of your nett pay unless the lower pay level fails to utilise your full tax credits. If you are paying tax at 40% on some of your earnings then it will cost you less than 20% of your nett pay to reduce hours.
 
You must log in or register to reply here.
Menu
Log in
Register