I used to get paid monthly at base salary of 48k. I have recently changed my job and getting paid fortnightly with a base salary of 50k
I did some calculation and found out that if I get paid monthly I would end taking home $2962.09. However, my take home pay is $1367.13. This does not add up I thought the for nightly should have been 1481$ 2962/2 = 1481?
I was paid 2864 monthly at 48k base salary, being paid 50k fortnight is less than 2864. im confused here.
The website that i used to calculate this is http://www.paye.net.nz/calculator.html
Here is the summary of my pay. Note, my kiwi saver is 4% and student loan is applied at 12%