I am working 5 days per week. How much would my monthly pay be if I changed to 2,3 or 4 days?
A. To calculate your gross pay (ie the amount before deduction of tax, National Insurance or pension contributions), divide your current salary by 5 and multiply by the number of days you will now be working. Net pay involves complex calculations based on your earnings to date, however, as a general rule an approximate figure can be reached by subtracting 40% from your gross pay (if you are a higher tax payer) or 33% (if you are a lower tax payer). An additional 6% should be deducted if you are in one of the University’s pension schemes.
