PLEASE ADVICE! - IT JOB POSSIBLE?

[sinikala]

Guys, you really lost me for ever )
I don't understand any more anything.
How much I get NET, in my hand, if I have a gross salary of 4000 euro?

Your tax percentage will depend on where you live. Live in Helsinki and it will be a little lower as Karhu... stated... and you will get €2825 in your hand.

Live in Vantaa (cheaper housing) and you will get €2790 in your hand (based on an annual income of €48k).

This tax year 2007... you will earn a €12,000 (3 months Oct, Nov, Dec)... Vero don't generally tax you based only on your monthly salary, they tax you on earnings over the whole year. I believe (I may be wrong here)... that your true tax percentage for 2007 should be much lower ... and you should at worst get a good tax rebate at the end of 2008.

Now ... here is the bit that Karhun seems unable to grasp, Vero don't estimate tax rate on my current monthly income, they estimate it on my previous year's total income. My tax rate is always a bit higher than that calulator gives. If I get good bonuses I don't get hit so heavily... if I don't earn as much as they estimated I appear to get a refund the following year.

As I said... I don't get close to €2900 - as salary... there are several months where I get more due to holiday pay ... bonuses etc.

[Quin]

Tax percentages for the rest of the year:
BASIC PERCENTAGE 29,5

ADDITIONAL PERCENTAGE 41,5


What is the ADDITIONAL PERCENTAGE ?

Your tax card always will list both percentages.

Currently you told vero you will earn 48k a a year and that will be taxed at 29.5 percent. Anything you will earn over 48k will be taxed at 41.5% if you dont do anything

However if you see you reach 48k and realise you will go over it in the calendar year you can get a new tax car for let's say 60k. The 12k you extra you then have to pay more taxes over. You would most likely pay about 37% over that. But unless you make that exact amount you will get it back from the taxes since you made to much.

Keep in mind that over 55k the additional amount will be 51.5% so keep a close eye on your income with bonusses etc. otherwise you will have to wait 7 months for the refund (always the 5ht of december)

[Hank W.]

Then there is two ways to set up the tax card these days. one is per monthly and one is per yearly. These days you cannot go change between the two mid-year, so if you're getting bonuses you can "fix things" easier on a monthly. So that if per month you normally get 3000 taxed at 29,5% then you get bonus 4000 you get 3000 taxed at 29,5% and the 1000 taxed at the 41,6%... now if you start getting bonuses regularly (ha ha ha ha) you can go fix your current percentage up a bit so it keeps in balance. Much more pleasant than if you were on a yearly sum and then get November and December salary taxed at 41,6% when you went over... too late then.

[Quin]

well unless you get promoted and get some extra bonusses Hank

I went from 33% to 46% for the last 3 months due to 20k extra income over the last months. This in on a yearly taxcard but still it is easily changed by adding 20k to your yearly tax card

Just have to suffer the 46% tax over 3 months Would it be easier to have a monthly rate? cause in my case i would go up the same amount in a monthly or yearly card for 3 months

[Hank W.]

I take the monthly. I know what the "base pay" is.

(and I giggle myself silly... promotion... bonus... are they something edible?)

[raamv]

I take the monthly. I know what the "base pay" is.

(and I giggle myself silly... promotion... bonus... are they something edible?)

You also have the option of yearly, with setting up a monthly limit..
and it so happens to work in my co that they automagically adjust the scales to take care of the bonus, holiday pay, sudden raises etc etc..
and I am still left to wonder if it is legal or not...for I have called the payroll (company) many times and they seem to say that its the software and it automagically calculates...
after a few months I figured out the system and then comes a small raise (by union) and everything is now back in Chaos as it seemed to have somehow automagically reduced my last months netto!!

[sinikala]

I take the monthly. I know what the "base pay" is.

(and I giggle myself silly... promotion... bonus... are they something edible?)

Depends... the recent union negotiated backpay of €400-€500 ... yielded a nice dinner so... yep... edible... yum.

We get lomaraha in three chunks... most around summer ... some in winter.

We get an annual bonus 0-15% decided in January, paid in March.

We can get other bonuses year round depending on our performance.

Promotion ... those are a bit harder to come by

[shrecher]

Guys, you really lost me for ever )
I don't understand any more anything.
How much I get NET, in my hand, if I have a gross salary of 4000 euro?

It is easy

4000x12=48000+2000 (bonus holiday pay)=50000
Tax:
income: 30,0, Helsinki
5% - social security tax, fixed

totally you get:
4000-35%=2600 Net

additional persentage (43,5) is not a problem, as you could alway update your tax card, if you income will change during the year. You just visit vero.fi and request new card. This you can avoid paying the additional persentage.

[shrecher]

Average salary in Finland is 2.0 K per mo

And just which particular bit of thin air did you manage to pluck that figure from?

I got reset when posting the links from " Guide to foreigners working in Finland" 2004 mol.fi and the same guide but written in 2002.
The guides in 2002 quote 2100€ p.m as aqve. in 2004 the figure rose to 2200€p.m and also gives ave per men and women p.m salary..

May be your are right, average now is ~2500. It means 4000 is much worse then average, assuming that one family member is employed:

2500x2=5000
tax is 25%

4000x1=4000
tax is 30%

Average has much better income then you

[raamv]

If you dont understand parts of the tax cards, they now have a new tutorial/demo in English :
http://www.vero.fi/verokorttidemo/demo_ ... aaja_engl/
( Sticky Sticky )

[Karhunkoski]

Now ... here is the bit that Karhun seems unable to grasp, Vero don't estimate tax rate on my current monthly income, they estimate it on my previous year's total income.

But you see I have grasped this concept fully a long time ago. I don't let vero estimate my tax % at all, I've rehashed my tax card online a few times as contracts have changed and salary has moved. Leave it to vero to estimate? Good Lord No!

[raamv]

Now ... here is the bit that Karhun seems unable to grasp, Vero don't estimate tax rate on my current monthly income, they estimate it on my previous year's total income.

But you see I have grasped this concept fully a long time ago. I don't let vero estimate my tax % at all, I've rehashed my tax card online a few times as contracts have changed and salary has moved. Leave it to vero to estimate? Good Lord No!

Exactly, good point...when you can estimate your tax% ( especially the best bet is to change your tax % after the bonus is paid).

[cristina_b]

Thank you, all. It's more clear now..I guess

[cristina_b]

I have another question, maybe you could help me with some advices: I have a car taken in leasing 1 year ago. This car (a Diesel Ford Fusion) is not still my propriety, it belongs to Ford. When the leasing contract finishes (another 2 years), the car will become my propriety. Till then I must pay it montly.
How can I register my car in Finland and how much could it cost me?

And speaking about cars, are they expensive in Finland?

[Hank W.]

I think we already answered you - you can't. If that is not the answer you want to hear, it isn't going to get any different irregardless of how many times you ask it.

Cars are relatively expensive. Due to taxes.