How to make a personal budget: the 50/30/20 rule and alternatives
We walk through the rule on a UAH 30,000 income and three alternatives for people who find 50/30/20 a poor fit.
What is left after personal income tax and the military levy in Ukraine, and the other way round.
Choose a mode. “From gross salary” if you know the salary from a contract or a job ad and want to see your take-home pay. “From take-home pay” if you know how much you want to receive and need to know what salary to ask for.
The calculator is designed for employees taxed under the general rules in Ukraine. For military personnel, sole proprietors, people with tax benefits and income taxed at other rates, the result will differ.
How to split your salary between spending and saving is explained in our article on the 50/30/20 rule.
18% personal income tax and the 5% military levy are withheld from an employee's gross salary. That is 23% in total, so the employee takes home 77% of the gross amount.
No. The 22% single social contribution (ESV) is paid by the employer on top of the salary, at the employer's own expense. The calculator shows it separately so you can see the real cost of an employee to the employer. For very high salaries the ESV is lower, because its base is capped at a set number of minimum wages.
Divide the take-home amount you want by 0.77. For example, to take home UAH 25,000 you need a gross salary of UAH 32,467.53. The calculator has a “From take-home pay” mode for this.
No. Sole proprietors pay the single tax, their own ESV and the military levy under different rules depending on their group. We plan a separate single tax and ESV calculator for them.
The calculation is for reference only and is not financial or tax advice. Actual terms depend on your contract with the bank, fees and current law.