Percentages

mylot123

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Dec 20, 2020
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I have left school a long time ago and was wanting help with finding out how to find out the value of two amounts from a total when the two percentages where already known. For example the total sum is £1500 one person has put in 5% and another has put in 12% how do you find out the value in £ each person has contributed?
 
I have left school a long time ago and was wanting help with finding out how to find out the value of two amounts from a total when the two percentages where already known. For example the total sum is £1500 one person has put in 5% and another has put in 12% how do you find out the value in £ each person has contributed?
I think you need to indicate that the percentages are relative to -- that is, 5% of what? If they mean 5% and 12% of the total, then what accounts for the rest of the total 1500? And if they are percentages of something else, we'd need to know what that is.

But if the 1500 includes other contributions than the two, and the percentages are relative to the total, then 5% of 1500 = 5/100 * 1500 = 0.05 * 1500 = 75. Just take "%" to mean "divided by 100", and "of" to mean "multiplied by".
 
Hi I think I may have over simplified the problem I am trying to solve and may be very complicated. In work I now pay my pension via salary sacrifice this means what I pay into my pension is deducted from top line before tax etc is calculated. So if I earn £60000 and I pay £10000 into my pension my top line pay on my tax return will only show as £50000. On top of what I pay into my pension my company pays 5% of my total pay ie the full £60000. The problem is that I have altered the percentage I pay in a couple of times during the one tax year but the employer pays a constant 5%. My pay can vary greatly from one week to another. How to work out how much I have paid into my pension by myself not including my companies contribution. To make matters worse I don't have a value for the one years pension total as it's just added to the pot week by week.
 
What does your tax return for that year say? Your taxable income should be less than 60K by the amount you paid into your pension.
 
Yes it is, what I am trying to determine how much I have paid into my pension and therefore the total earned this year. Probably the easiest way is to go through my weekly pay slips and manually add up my pension payments then add it to my tax return amount. It is probably too complex to work out any other way.
 
I can't just add the amount actually paid into my pension because my employer also pays into it and it's not itemised who pays how much hence add up weekly pension payments on my wage slip which is purely my contribution.
 
Yes it is, what I am trying to determine how much I have paid into my pension and therefore the total earned this year. Probably the easiest way is to go through my weekly pay slips and manually add up my pension payments then add it to my tax return amount. It is probably too complex to work out any other way.
So the year is the current year, and you want to figure out your taxable income for the tax return?
I don't get this: "manually add up my pension payments then add it to my tax return amount". What is "tax return amount"?

What exactly does your pay slip contain? Mine shows various year to date numbers, so it's easy to see how much I contributed to the retirement account so far.
Also, if your pay is directly deposited into a checking account, and the bank has a search function, you may be able to lookup all payments for the year,
import them into a spreadsheet, total, subtract from 60K - that's your pension contribution for the year so far (if I understand the situation).
 
Unfortunately my pay slip does not show a running total for my pension it just gives an individual payment made that current week so I would have do something like putting it in a spread sheet.
 
Unfortunately my pay slip does not show a running total for my pension it just gives an individual payment made that current week so I would have do something like putting it in a spread sheet.
Then you should go to your HR office and get copies of pay-slips for the whole year!
 
This would be the simplest solution on behalf of everyone like myself, a big thank you to everyone who takes the time to help everyone on here, young or not so young (Me).
Happy Christmas.
 
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