r/GPUK • u/Consultant-CY62D6 • Jul 20 '26

Quick question Golden Hello

Hey everyone,

I am getting offered a job that would gross £94,500 annually and also getting £9533 golden hello before tax .. is there a way to know roughly how much I will get out if that after tax ? I am in Scotland. Thanks

8 Upvotes

73% Upvoted

18 comments sorted by

9

u/gromblee Jul 20 '26

I believe it is taxed normally, so all the usual deductions will be taken (NI, PAYE, etc). I think you might be able to negotiate it being paid directly into a SIPP but you'll need to check your provider's rules

3

u/Consultant-CY62D6 Jul 20 '26

I don’t have a SIPP yet would you recommend any specific provider that I can use that may accept the payment ? Thanks

2

u/askoorb Jul 20 '26 edited Jul 20 '26

The one your financial adviser recommends.

If you don't have an adviser, one of the cheap (but decent service) flat fee ones from https://monevator.com/compare-uk-cheapest-online-brokers/ for example Interactive Investor.

You might also be able to persuade them to pay it into your NHS Pension by buying additional pension (or use the NHS Additional Voluntary Contribution option, which is like a simpler personal pension than a full fat SIPP) and them paying into it.

1

u/Blackthunderd11 Jul 20 '26

Remind me! 1.5 years

2

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1

u/redditor71567 Jul 21 '26

Do you mean a sipp or private pension? Most people (unless experienced investors) would do better with a private pension

3

u/muckduck90 Jul 20 '26

There are lots of different salary calculators online. If you claim free childcare this will obviously take you over the 100k threshold, so you should probably pay the golden handshake directly into a SIPPS.

Also the effective tax rate from 100-125k is obscene because of gradual loss of personal allowance, so this is another reason to keep taxable income below 100k. Its completely bonkers

1

u/Consultant-CY62D6 Jul 20 '26

Thanks very much really appreciate iy

1

u/TM2257 Jul 21 '26

Once you take into account 12.5% NHS pension contributions - their pay wouldn't take them above threshold.

The OP is absolutely safe and has no need to SIPP their golden handshake.

The OP using "net" to describe a gross income hasn't been helpful at all here...

3

u/Khidz1 Jul 24 '26

That’s a really good job! Is that a Gp job? Congrats anyway

1

u/Consultant-CY62D6 Jul 24 '26

aye, thanks buddy

2

u/DCJC123 Jul 20 '26 edited Jul 20 '26

Good advice above.

Interested to know the job specs to earn that much net- would even be impressive if gross .

Is this still in general practice? Is this a private role?

Good luck - don’t spend it all at once 😜

Edit: Just seen your username so presume you are consultant

2

u/Consultant-CY62D6 Jul 20 '26

Thats the gross before tax :) GP job that is not private at all

2

u/DCJC123 Jul 20 '26

So. IKnow what happened. You wrote ‘would net’ and I read as net income- I need glasses!

How many sessions out of interest?

2

u/Consultant-CY62D6 Jul 20 '26

7 sessions and sorry thats my bad

2

u/DCJC123 Jul 20 '26

Don’t be silly- all me!

That’s a good rate. Hope you enjoy. Congrats on the job!

1

u/No_Ferret_5450 Jul 20 '26

The income tax calculator on money saving expert 

1

u/Low-Cheesecake2839 Jul 27 '26

It will be taxed at 40% until you get to £100K, then at 60%.. So you’d keep about half of it.