Home Home, Law & Money
If you need urgent support, call 999 or go to your nearest A&E. To contact our Crisis Messenger (open 24/7) text THEMIX to 85258.
Read the community guidelines before posting ✨

Tax???

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
i started my first job when i finished collage last year, ive had this job for about 6/7 months, i had to fill in a p46 as i did not have a p45. i was just wondering if anyone knows the avrage percentage rate for tax as at first i though it was just emergancy tax but it doesnt seem to be going down. it just seems like a big chunk taken out n makes working pointless. :impissed:

Comments

  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If you have been emergencied ...you will l get a big fat pay back one day soon ...phone up the IRS.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    You'll get a better answer from someone else BUT as a rough guide you get slightly over £5000 tax free, then you were paying 10% tax on the next chunk, and 22% on the bit after that.

    This changed this month. You now get around £5500 tax free and then pay 20% tax on the next chunk.

    http://www.thesalarycalculator.co.uk/salary.php

    Tis really very useful link.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    thank you that site was useful, im getting loads of paper work sent to sort it out. thankcuz :D
Sign In or Register to comment.