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...build a snowman
dcx_badass Avatar
8y, 6m agoPosted 8 years, 6 months ago
...build a snowman
dcx_badass Avatar
8y, 6m agoPosted 8 years, 6 months ago
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Comments/page:
#1
Yes that's correct roughly you get taxed about 25%, sorry to be the bearer of bad news
#2
Tax is about 25% I worked out before
#3
and N.I!!! another £150 or so..
#4
dcx_badass
That's included in the £306, sorry I should have said.


oh sounds right-just think what you get for it:whistling:

the mps all need new curtains and kitchens this year!
#5
pmsl, WELCOME to the real world dude,
life's a beech, then you marry one ;)
#6
Life's a b**ch then you DIE !!! :cry:
1 Like #7
Hmmm, I'm no expert but this does seem high?
If you get £308 pw = £16,016 gross per annum (£308 * 52)

I think it is standard to have a personal allowance of £6,035, so the income you pay tax on is £16,016 - £6,035 = £9,981.
Tax at basic rate = 20% so this equals 0.2 * 9981 = £1,996.20 tax per annum, which is / 12 = £166.35 per month?

I'm not sure about any of the above, hopefully someone will be able to confirm (or otherwise). Please don't budget according to my calculations, as it is quite possible I am wrong!!
(there will be N.I. on top of this, which may be about £100 per month? = £266.35 deduction per month for tax and NI??).
#8
Welcome to the club. Just keep in mind you can retire at 65.









They'll still tax your pension though!
#9
hubby pays 40% tax :o
#10
cannyscot;3052372
Welcome to the club. Just keep in mind you can retire at 65.









They'll still tax your pension though!


Not sure thats gunna last much longer :x prob work till u drop soon, LoL that'll be how you get a job :thumbsup: stalk them then when they drop, then just start their job :roll:
#11
Someones gotta look after the unemployed, and sponsor the war effort. Thanks for helping us working people out!
#12
skintzimbo
Someones gotta look after the unemployed, and sponsor the war effort. Thanks for helping us working people out!


and don't forget single mothers and immigrants.

you're better off not working in this joke of a country :x
banned#13
grex9101
and don't forget single mothers and immigrants.

you're better off not working in this joke of a country :x


I don't work :thumbsup:
#14
grex9101
and don't forget single mothers and immigrants.

you're better off not working in this joke of a country :x

Why single mothers?????????????
I brought up 3 children on my own and worked.
You should check the statistics on immigrants too!
banned#15
maddogb
pmsl, WELCOME to the real world dude,


LOL. You beat me too it!
banned#16
Welcome to the Jungle
#17
tea-towel
Hmmm, I'm no expert but this does seem high?
If you get £308 pw = £16,016 gross per annum (£308 * 52)

I think it is standard to have a personal allowance of £6,035, so the income you pay tax on is £16,016 - £6,035 = £9,981.
Tax at basic rate = 20% so this equals 0.2 * 9981 = £1,996.20 tax per annum, which is / 12 = £166.35 per month?

I'm not sure about any of the above, hopefully someone will be able to confirm (or otherwise). Please don't budget according to my calculations, as it is quite possible I am wrong!!
(there will be N.I. on top of this, which may be about £100 per month? = £266.35 deduction per month for tax and NI??).


Thats my understanding of it, pretty sure its right...
#18
welcome to the real world pal. the age for retiering is going up to 70 with in the next 2 years :(
#19
because they even the tax out assuming you will get paid that all year so £6000 b4 tax = tax free allowance of £500pm and then they tax you on the rest.
If it falls inbetween tax years you will get it back over the next year.
#20
dcx_badass
How do I claim it back?


should be done automatically, wait till payslip from march comes in and add everything up then, if you think it's not right then give em a call

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