Expenses when working – add any daily expenses you incur when you work like travel, childcare, etc. This will then show the amount of expenses you will avoid each year as you move to a new pro rata flexible working contract.

If you are thinking of moving from full-time to part-time, discuss with your employer how or if your job can be redesigned to account for the reduced time. Performing a full-time job on a part-time salary is one of the top reasons people choose Job Shares as the role is staffed full-time by two part-time people. Our calculator will compute any of these variables given the other inputs. Simple Interest Calculated Using Years For this same reason, simple interest does not work in your favor as a lender or investor. Investing in assets that don't offer compound growth means you may miss out on potential growth.

The definition of net present value (NPV), also known as net present worth (NPW) is the net value of an expected income stream at the present moment, relative to its prospective value in the future meaning it is discounted at a given rate. It is simply a subtraction of the present values of cash outflows (initial cost included) from the present values of cash flows over time, discounted by a rate that reflects the time value of money. The textbooks definition is that the net present value is the sum (Σ) of the present value of the expected cash flows (positive or negative) minus the initial investment. Compounding method ( advanced mode) — the frequency of adding interest to the balance. If you give the APY as the interest rate, choose yearly since APY is already adjusted for greater than yearly compounding. If you do not know the percentage that you contribute, you can instead choose to enter the amount, in pounds and pence, that you contribute from each payslip. The conversion is done automatically once the nominator, e.g. 35000, and the denominator, e.g. 4, have been inserted. Input salary & benefits – provide your full-time weekly, monthly or annual salary, holiday entitlement and the percentage you contribute to your pension.

Give it a try now with a similar division by 4. What is the Quotient and Remainder of 35000 Divided by 4? Here we provide you with the result of the division with remainder, also known as Euclidean division, including the terms in a nutshell: To use the pro-rata salary calculator, enter the full-time annual salary in the "Full-time Salary" box and the number of weekly hours that are considered "full-time" into the "Full-time weekly hours" box. If you are working out the new salary by number of hours worked, enter the pro-rata number of weekly hours into the "Pro-rata weekly hours" box. If you want to see a percentage of your current salary, enter that percentage into the "% of full-time salary" box.For more information on how compound interest works, we recommend visiting our compound interest calculator. Which is Better for You: Simple or Compound Interest?