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Your taxes (2023/24)
|Employer Pension Contributions||£2,000||£167||£38|
|Take Home Pay||£29,864||£2,489||£574|
|Added to Pension||£4,000||£333||£77|
HMRC Tax rates and rules last updated 10/04/2023
Your Monthly Outgoings
Wealth & Financial Independence More Info
Financial independence means having enough saved that your expenses will be covered for the rest of your life.
- In today's money, you'll have at least £21,312 / year (£1,776 / month) when you stop working at 67 - just from your savings
- In real terms (where inflation is not removed), that's £38,362 / year (£3,197 / month)
- That means all your outgoings are covered without having to make any further contributions!
- You may be able to retire earlier - try adjusting the retirement age field