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Personal Salary Expectation Report for John Smith
Salaryexpectation.com in partnership with
Earn the salary that improves your standard of living

YOUR PROFILE
Name: John Smith
Destination City: London

Current city: New York
Current Net Salary: $00,000

YOUR SALARY EXPECTATION SUMMARY
You need to earn a minimum Net salary of £00, 000 in London to maintain the same standard of living as you
do in New York.

YOUR COST OF LIVING CALCULATION
Your cost of living is calculated using the cost of living index which shows the difference in living costs between
cities. The cost of living in your current city is expressed numerically as 100. The cost of living in your destination
city is then indexed against this number. The cost of living index is calculated by using exactly the same price
data in both cities and is based on the arithmetic mean of price levels in the two selected cities.
The difference between your current city index and your destination city index whether it's an increase or a
decrease is the difference in the cost of living between both cities. Where your destination city index is less than
100, it means that the cost of living in your destination city is lower than in your current city. Where the cost of
living index for your destination city is higher than 100, it means the cost of living in your destination city is
higher than in your current city. Where both city indexes are 100, then both cities have the same cost of living.
City
London
New York

Exchange rate/US$ Inflation
£
0.63
2.5%
US$ 1.00
1.4%
Current city
New York

Destination city
London
Highb

Meana

General Cost of living index
100
XX
XX
a = average prices compared in both cities, b = high prices in destination city compared to average in current city

Source: The Economist Intelligence Unit

This means that the cost of living in London is XX% of New York when average prices in both cities are compared.

Cost of living index
London

New York
0

20

40

60

80

100

120
YOUR DESTINATION CITY PRICE LIST
London

Products

Prices (GBP)

Bread, white (1 kg)

0.00

Rice, white (1 kg)

0.00

Sugar, white (1 kg)

0.00

Corn flakes (375 g)

0.00

Milk, pasteurised (1 l)

0.00

Onions (1 kg)

0.00

Tomatoes (1 kg)

0.00

Oranges (1 kg)

0.00

Apples (1 kg)

0.00

Bananas (1 kg)

0.00

Instant coffee (125 g)

0.00

Tea bags (25 bags)

0.00

Coca-Cola (1 l)

0.00

Orange juice (1 l)

0.00

Telephone line, monthly rental

0.00

Telephone, charge per local call from home (3 mins)

0.00

Monthly average, family of four

0.00

Electricity monthly bill, low price

0.00

Gas monthly bill, low price

0.00

Water monthly bill, low price

0.00

1 bedroom furnished apartment (moderate price)

0.00

2 bedroom furnished apartment (moderate price)

0.00

3 bedroom unfurnished apartment (moderate price)

0.00

4 bedroom unfurnished apartment (moderate price)

0.00

Source: The Economist Intelligence Unit

Personal Salary Expectation Report

Human Resources Solutions Ltd
YOUR SALARY EXPECTATION CALCULATION
Your salary expectation is calculated by applying the general cost of living index to your net salary provided. The
cost of living index is applied by multiplying your current net salary and your destination city cost of living index
then divided by your current city cost of living index which will be 100. This figure is the equivalent net salary in
your destination city but still in your current city local currency.
The figure is then converted into the local currency of the destination city by first converting your current city
figure into US dollars and then converting from US dollars into your destination city currency. The salary
expectation calculator will use the calculation date exchange rates.
Current City: New York
Destination City: London
Net salary in New York (USD): 00,000
Cost of living index in New York: XX
Cost of living in London: 00
Net salary in London (GBP): 00,000

Your current NET salary of USD 00,000 in New York is equivalent to GBP 00,000 in London.
Therefore, you need to earn a minimum take home pay of GBP 00,000 to maintain the same
standard of living.

CALCULATING YOUR SALARY FOR A HIGHER STANDARD OF LIVING
To calculate how much you need to earn to have a higher standard of living, for example to be able to shop in
more expensive stores, we have calculated your salary using the high index which uses high prices in your
destination city compared to average prices in current city.

Cost of living index in New York: 100
Cost of living in London: XX
Your Net salary in London (GBP): 00,000

Using the high cost of living index, your estimated NET salary to achieve a higher
standard of living in London is GBP 00,000.

Personal Salary Expectation Report

Human Resources Solutions Ltd
YOUR DESTINATION CITY TAX SUMMARY
Personal income tax rates
Income tax is charged at graduated rates, with higher rates of income tax applying to higher bands of income.
Tax is charged on total income (from all earned and investment sources) less certain deductions and allowances.
This net amount is usually referred to as an individual's taxable income. The graduated rates of income tax vary
slightly depending on whether the income is from earnings or investments. Income tax bands and rates are as
follows:
Title

2013/14 (GBP)

Starting rate for savings: 00%

0 to 0,000

Basic rate: 00%

0 to 0,000

Higher rate: 00%

0,000 to 0,000

Additional rate: 00% **

Over 0,000

Tax free Personal allowances 2013/2014 (GBP)
under the age of 65

0,000

over the age of 65 but under 75

0,000

75 and over

0,000

National insurance contributions (NIC)
Employees’ salaries (excluding benefits) GBP

NIC Payable (%)

Up to 000per week

0

000 - 000 per week

12

Above 000 per week

additional 2% charge

Personal Salary Expectation Report

Human Resources Solutions Ltd
Copyright © 2013 Human Resources Solutions Ltd. All Rights Reserved.
Disclaimer: Whilst every effort has been taken to verify the accuracy of this information, Human Resources Solutions Ltd.
cannot accept any responsibility or liability for reliance by any person on this information.
Human Resources Solutions Ltd is in partnership with The Economist Intelligence Unit Ltd, the business information arm
of The Economist Group.
Copyright notice: © [2013] The Economist Intelligence Unit Ltd. All rights reserved.
Disclaimer notice: Whilst every effort has been taken to verify the accuracy of this information, The Economist
Intelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information.

Personal Salary Expectation Report

Human Resources Solutions Ltd

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Personal Salary Expectation Report -sample

  • 1. Personal Salary Expectation Report for John Smith Salaryexpectation.com in partnership with Earn the salary that improves your standard of living YOUR PROFILE Name: John Smith Destination City: London Current city: New York Current Net Salary: $00,000 YOUR SALARY EXPECTATION SUMMARY You need to earn a minimum Net salary of £00, 000 in London to maintain the same standard of living as you do in New York. YOUR COST OF LIVING CALCULATION Your cost of living is calculated using the cost of living index which shows the difference in living costs between cities. The cost of living in your current city is expressed numerically as 100. The cost of living in your destination city is then indexed against this number. The cost of living index is calculated by using exactly the same price data in both cities and is based on the arithmetic mean of price levels in the two selected cities. The difference between your current city index and your destination city index whether it's an increase or a decrease is the difference in the cost of living between both cities. Where your destination city index is less than 100, it means that the cost of living in your destination city is lower than in your current city. Where the cost of living index for your destination city is higher than 100, it means the cost of living in your destination city is higher than in your current city. Where both city indexes are 100, then both cities have the same cost of living. City London New York Exchange rate/US$ Inflation £ 0.63 2.5% US$ 1.00 1.4% Current city New York Destination city London Highb Meana General Cost of living index 100 XX XX a = average prices compared in both cities, b = high prices in destination city compared to average in current city Source: The Economist Intelligence Unit This means that the cost of living in London is XX% of New York when average prices in both cities are compared. Cost of living index London New York 0 20 40 60 80 100 120
  • 2. YOUR DESTINATION CITY PRICE LIST London Products Prices (GBP) Bread, white (1 kg) 0.00 Rice, white (1 kg) 0.00 Sugar, white (1 kg) 0.00 Corn flakes (375 g) 0.00 Milk, pasteurised (1 l) 0.00 Onions (1 kg) 0.00 Tomatoes (1 kg) 0.00 Oranges (1 kg) 0.00 Apples (1 kg) 0.00 Bananas (1 kg) 0.00 Instant coffee (125 g) 0.00 Tea bags (25 bags) 0.00 Coca-Cola (1 l) 0.00 Orange juice (1 l) 0.00 Telephone line, monthly rental 0.00 Telephone, charge per local call from home (3 mins) 0.00 Monthly average, family of four 0.00 Electricity monthly bill, low price 0.00 Gas monthly bill, low price 0.00 Water monthly bill, low price 0.00 1 bedroom furnished apartment (moderate price) 0.00 2 bedroom furnished apartment (moderate price) 0.00 3 bedroom unfurnished apartment (moderate price) 0.00 4 bedroom unfurnished apartment (moderate price) 0.00 Source: The Economist Intelligence Unit Personal Salary Expectation Report Human Resources Solutions Ltd
  • 3. YOUR SALARY EXPECTATION CALCULATION Your salary expectation is calculated by applying the general cost of living index to your net salary provided. The cost of living index is applied by multiplying your current net salary and your destination city cost of living index then divided by your current city cost of living index which will be 100. This figure is the equivalent net salary in your destination city but still in your current city local currency. The figure is then converted into the local currency of the destination city by first converting your current city figure into US dollars and then converting from US dollars into your destination city currency. The salary expectation calculator will use the calculation date exchange rates. Current City: New York Destination City: London Net salary in New York (USD): 00,000 Cost of living index in New York: XX Cost of living in London: 00 Net salary in London (GBP): 00,000 Your current NET salary of USD 00,000 in New York is equivalent to GBP 00,000 in London. Therefore, you need to earn a minimum take home pay of GBP 00,000 to maintain the same standard of living. CALCULATING YOUR SALARY FOR A HIGHER STANDARD OF LIVING To calculate how much you need to earn to have a higher standard of living, for example to be able to shop in more expensive stores, we have calculated your salary using the high index which uses high prices in your destination city compared to average prices in current city. Cost of living index in New York: 100 Cost of living in London: XX Your Net salary in London (GBP): 00,000 Using the high cost of living index, your estimated NET salary to achieve a higher standard of living in London is GBP 00,000. Personal Salary Expectation Report Human Resources Solutions Ltd
  • 4. YOUR DESTINATION CITY TAX SUMMARY Personal income tax rates Income tax is charged at graduated rates, with higher rates of income tax applying to higher bands of income. Tax is charged on total income (from all earned and investment sources) less certain deductions and allowances. This net amount is usually referred to as an individual's taxable income. The graduated rates of income tax vary slightly depending on whether the income is from earnings or investments. Income tax bands and rates are as follows: Title 2013/14 (GBP) Starting rate for savings: 00% 0 to 0,000 Basic rate: 00% 0 to 0,000 Higher rate: 00% 0,000 to 0,000 Additional rate: 00% ** Over 0,000 Tax free Personal allowances 2013/2014 (GBP) under the age of 65 0,000 over the age of 65 but under 75 0,000 75 and over 0,000 National insurance contributions (NIC) Employees’ salaries (excluding benefits) GBP NIC Payable (%) Up to 000per week 0 000 - 000 per week 12 Above 000 per week additional 2% charge Personal Salary Expectation Report Human Resources Solutions Ltd
  • 5. Copyright © 2013 Human Resources Solutions Ltd. All Rights Reserved. Disclaimer: Whilst every effort has been taken to verify the accuracy of this information, Human Resources Solutions Ltd. cannot accept any responsibility or liability for reliance by any person on this information. Human Resources Solutions Ltd is in partnership with The Economist Intelligence Unit Ltd, the business information arm of The Economist Group. Copyright notice: © [2013] The Economist Intelligence Unit Ltd. All rights reserved. Disclaimer notice: Whilst every effort has been taken to verify the accuracy of this information, The Economist Intelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information. Personal Salary Expectation Report Human Resources Solutions Ltd