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About LinkBacksCan anyone tell me what they are.
ie, under about £4700 iirc, you pay nothing, whats the boundaries after that ?
Cheers
Can anyone tell me what they are.
ie, under about £4700 iirc, you pay nothing, whats the boundaries after that ?
Cheers
Originally Posted by Saracen
i think its only 4700 if youre a student, bit lower if youre not iirc, the next is at about 20 i think
According to my last pay slip it's £5035 for the your personal allowance.
yup.. then..
22% on earnings over that allowance up to £33.3k, then 40% on everything over £33k..
http://www.hmrc.gov.uk/rates/it.htm
Last edited by Stoo; 17-05-2006 at 08:58 PM.
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£33,300?!?! bugger!
that means i'm in the higher rate tax bracket now. i thought is was £36K ish
/not impressed
what a self indulgent post
It is Inevitable.....
Don't forget the N.I. contributions.
It used to be that as the 40% tax kicked in the NI contribs. stopped...now that serial thief Gordon Brown has removed the ceiling on NI for 1% :-(
W.
not really ikonia, its DAMN anoying. I recon i'll be giving £8,000+ next year, for what, a goverment that didn't even educate me when i was in key stage 3, because i was too busy on NHS waiting lists? A governement who wouldn't give me any help towards paying my rent if i was in between jobs (like an insurance i take out)? A government who has a pensions crisis brewing but wants to tax me because i have the ordasity to want to save money.............................................
NI is the one thats bugged the hell out of me for the last few years, as i've been earning well under £4700 personal allowance last year, but in one week earn't £360. So got heavily taxed by NI.
http://www.listentotaxman.com/ very very useful.
Pisses me off how much of my basic wage will goto the government, plus over a grand a year repaying student loan
A mate of mine was saying thou you pay less NI if you live in london, i think they called it a london ward? But i can't find anything about that, anyone know?
but that asside, i favour a flat rate tax, nice and simple.
throw new ArgumentException (String, String, Exception)
There's still a 10%-ish rate between 5K and 8K isn't there?
Anyway, I intend to edge into the higher rate bracket this year, and I'll be proud to do so
Is there a online caluclator where i can put a figure in and it'll work out what the "pic up" amount once all the TAX has been taken out of it.
If not, could anyone guesstimate how much TAX / NI ect.. would come out of 30K/year
NI is 10% of evrything bar the first grand, so thats 2.9k, then 22% of the stuff above 10k, so theres another 4.4, and 10% of the stuff under ten but above the threshold, so prob about another 7/800 there. plus 10% of everything if youre paying student loan off.
Edit, that link is for 2001, so the system has changed a fair bit since then, mainly the removal of the cap on NI
http://www.listentotaxman.com/ slightly better than the one david linked
I really should be revising, but moaning about tax is more fun.
throw new ArgumentException (String, String, Exception)
The link theanimus suggested has all that and the student loan stuff in it too, it's not bad, only a couple of pence off
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Thanks for thathttp://www.listentotaxman.com/ slightly better than the one david linked
I really should be revising, but moaning about tax is more fun.
If anyone is in a pension scheme theses should be deducted before tax is calculated, so if you're on 36K and can pay in say 10% you'll be out of the 40% tax bracket.
36000 - 3600 -> 32400
If you're not in a pension scheme, then think about it!
> £38,335, as a bus driver, in 11 months? Blimey, I'm in the wrong job!There's still a 10%-ish rate between 5K and 8K isn't there?
Anyway, I intend to edge into the higher rate bracket this year, and I'll be proud to do so
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