We created PayCheck to help users who are working in hourly paid jobs with variable hours understand what their pay is going to be after tax and deductions each week or month!
One of the biggest challenges when working in hourly paid jobs, is knowing how much your wages will be after tax has been taken out. This usually isnt known until you get your paycheck from your job/employer; this is usually around the time when you receive the money! Paycheck gives you this information ahead of time, so you can track how much tax you will pay as you work!
You can easily see how much extra tax youll pay if you work an extra day or work late, giving you total control over the tax you will pay!
Paycheck calculates your tax and national insurance deductions from your total wages each time you add or change shifts!
The app solves the problem of knowing how much money you will make after taces. It does this by calculating formulas in line with HMRC tax calculations based on current 2022/2023 tax year. It also offers the optional feature of including pension contributions from your payments too.
Overtime is also a feature as there is no limit to how many shifts or hours you record in the app. If you work more than the standard 40 hour work week, you can continue to add these additional hours and your wage will include these additional hours with taxes deducted accordingly!
The app will calculate and show you the break down of each pay period or each pay check that you will receive from your employer / job. The break down will include:
- Tax Deductions
- National Insurance Contributions
- Pension Contribution (if applicable)
You can choose whether you are weekly paid or monthly paid, as well as enter your hourly rate of pay, how frequently you are paid (weekly or monthly).
Take advantage of the advance knowledge you will get from PayCheck to help manage your finances better!
The tax calculator allows you to customize all these inputs in a yearly or hourly setup, they can be calculated in different pay periods, like daily, bi-weekly, semimonthly, quarterly, yearly, etcetera, and all the numbers are quickly calculated at realtime in a single page layout.
Do you know how much money will be there at the end of the week? Will you be able to order that extra fries tonight? Give it a try and figure it out yourself!
DISCLAIMER: PayCheck does not give legal tax advice and is simply used as information to help you understand what your tax payments will be. All calculations are estimations and should not be taken as guarantee payment.