Why can’t Horizons provide a gross-to-net salary calculation?
Horizons does not provide gross-to-net salary calculations for employees prior to onboarding. This is because net pay is determined by a range of personal and jurisdiction-specific factors that vary for each individual and are not accessible to us in advance.
These factors include, but are not limited to:
Personal tax allowances and deductions
Civil status (e.g., single, married, widowed)
Number of dependents or children
Additional sources of income (e.g., rental income, investment earnings)
Geographical location within a country (some regions apply different tax rates or levies)
Voluntary contributions or insurances, such as private health insurance or supplementary pension plans
Because these details are unique to each employee and may change over time, we are unable to produce an accurate or reliable net salary estimate prior to employment.
When Will the Net Salary Be Known?
The net salary will be calculated during the first payroll, using actual information available at that time. A payslip will be provided to the employee, outlining all deductions and contributions applied.
Need an Estimate?
For a general approximation, we recommend using a publicly available gross-to-net calculator offered by reputable accounting firms, such as those provided by the Big Four (Deloitte, EY, KPMG, and PwC). These tools can help estimate net pay based on standard inputs and assumptions.
While these calculators won’t reflect personal nuances or real-time tax data, they can serve as a useful reference during the planning or offer process.
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