How do taxes work? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

How do taxes work?

£0.00 @
Say if I get a Saturday job and earn £48 a week, how much would get deducted in taxes. Living in inner London if that helps... Read More
pikachu12 Avatar
9y, 1w agoPosted 9 years, 1 week ago
Say if I get a Saturday job and earn £48 a week, how much would get deducted in taxes. Living in inner London if that helps...
pikachu12 Avatar
9y, 1w agoPosted 9 years, 1 week ago
Options

All Comments

(34) Jump to unreadPost a comment
Comments/page:
1 Like #1
If that's all you're earning, you shouldn't pay any tax, you get a personal allowance that's more than that - it doesn't matter where you live!
#2
amazing :D
thanks, rep added
#3
twinks
Nothing in taxes if thats all you earn :-)

Whoops - need to type faster!
#4
chrysha
Whoops - need to type faster!


still gave you rep for trying your best ;)
#5
pikachu12
still gave you rep for trying your best ;)

Thank you!
#6
careful of emergency tax tho
#7
err whats emergency tax?
#8
if your employer has you on the books and dont have your correct taxcode they can tax you under the emergency code

ive been at my job for 7 weeks and still being taxed at 22% :(
banned#9
i thought that if your 16-18 you can work for 1000 hrs tax free??
#10
I dont know if I should be taxed or not.. Im 18 next month and have worked since I was 16, although Ive always been paid cash. Sometimes around £200 :S
#11
yeah, im 16, and if i get this job i'll be working 9 hours a week, was just wondering if i'd get all the money or if it would get deducted
banned#12
pikachu12
yeah, im 16, and if i get this job i'll be working 9 hours a week, was just wondering if i'd get all the money or if it would get deducted


You live in london , and only earning £48 a week lol god help you mate :-D
#13
There's always the Apprentice ...
#14
Genious_Gamer360
You live in london , and only earning £48 a week lol god help you mate :-D


i still live with my mum
and its better than £10 a week :-D
#15
lol, My mum charges me bloody rent!
#16
pikachu12
err whats emergency tax?

If your employers don't have your tax code, this is what they may charge you, but you will get it back!
#17
ooh k, so how do i find out my tax code? (is it the same as my NI number?)
banned#18
pikachu12
i still live with my mum
and its better than £10 a week :-D


???
#19
Genious_Gamer360
???


allowance
#20
allowance for doing what? ;)
#21
kippy
allowance for doing what? ;)


err
for doing well in my gcses?
and the occasional hoovering

edit: unless you're asking what i do with that money
#22
pikachu12
ooh k, so how do i find out my tax code? (is it the same as my NI number?)

Make sure you tell your new employer this is your only job and if they put you on an emergency tax code, contact your local tax office. It has nothing to do with your NI number!
#23
chrysha
Make sure you tell your new employer this is your only job and if they put you on an emergency tax code, contact your local tax office. It has nothing to do with your NI number!


ok thanks for all your help :thumbsup:
#24
pikachu12
err
for doing well in my gcses?
and the occasional hoovering

edit: unless you're asking what i do with that money


both but not that nosey on the 2nd one.
was really only pulling yr leg (notice the smiley) re: job at home hehe.
#25
pikachu12
ok thanks for all your help :thumbsup:

Good luck with the job!
#26
wow you're getting about £5.30 an hour on your first job, 3 years ago I was getting £25 for working 8 hours in Walter Smiths! And they really bl**dy worked me! yucky raw meat everywhere!!
#27
wow good wages
#28
Like people have said you'll get taxed at first until the tax office know what tax you should be charged.
My employer told me he would sort the forms and code out for me, but he never did.

So after a couple of weeks I got a letter through confirming my tax band (which they'd got wrong as i shouldn't have been charged) so i just phoned them up and had it changed there and then.

It's ace when you get the money you've been taxed back though, it was near xmas and I had a lump £300 going into my bank!! I was well chuffed!
#29
stratomaster
Like people have said you'll get taxed at first until the tax office know what tax you should be charged.
My employer told me he would sort the forms and code out for me, but he never did.

So after a couple of weeks I got a letter through confirming my tax band (which they'd got wrong as i shouldn't have been charged) so i just phoned them up and had it changed there and then.

It's ace when you get the money you've been taxed back though, it was near xmas and I had a lump £300 going into my bank!! I was well chuffed!


so i can ring my local tax office to sort it myself? - my employer dont seem to have a clue about it, do i have to claim it back of will it happen automatically?

thank you :-D
1 Like #30
Once your new employer has received AND processed your P45, they will contact their local tax office (local to their HQ that is) and you should receive money in your salary the next payment afterwards.
I rang my TO recently and HR too, and they said it will be sorted in my next (June) salary.
Always worth a call yourself to TO and HR mind, never rely on folks to give you money back sooner

In answer to the OP, you earn under the TAX freshold there is no reason why you should pay tax
Use I-resign to calculate your wages, it's not 100% currently accurate, but within 2% or so, or The salary calculator
#31
boydent999
Once your new employer has received AND processed your P45, they will contact their local tax office (local to their HQ that is) and you should receive money in your salary the next payment afterwards.
I rang my TO recently and HR too, and they said it will be sorted in my next (June) salary.
Always worth a call yourself to TO and HR mind, never rely on folks to give you money back sooner

In answer to the OP, you earn under the TAX freshold there is no reason why you should pay tax
Use I-resign to calculate your wages, it's not 100% currently accurate, but within 2% or so, or The salary calculator


thank you :-D
#32
loupomm;2316213
thank you :-D
Wow, it's a long long time since i last saw someone type that to one of my replies......mind, you always do :)
#33
got an interview for friday :D
#34
Taxes work by the government steal money off you for no reason and then give it to tony blair and gordon brown so they can buy a villa in itally

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!