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When do you pay tax...?

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
When do you pay full tax?

I hear you say ........ 'When you start working full time'.

But how many hours a week is full time exactly???

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Re: When do you pay tax...?
    Originally posted by crescendo
    When do you pay full tax?

    I hear you say ........ 'When you start working full time'.

    But how many hours a week is full time exactly???

    when you earn over a certain amount. there are different tax brackets.

    more info

    that should work. otherwise just google 'tax brackets'.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Re: When do you pay tax...?
    Originally posted by crescendo
    When do you pay full tax?

    I hear you say ........ 'When you start working full time'.

    But how many hours a week is full time exactly???
    Full time hours is 35 hours a week, but you pay tax on most work. I work part time (20hrs) and I pay tax.
    basically, the more you earn, the more tax you pay up to a maximum of 40% of your earnings (I think) If you are a high earner.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Re: Re: When do you pay tax...?
    Originally posted by rainbow brite
    Full time hours is 35 hours a week, but you pay tax on most work. I work part time (20hrs) and I pay tax.
    basically, the more you earn, the more tax you pay up to a maximum of 40% of your earnings (I think) If you are a high earner.

    I haven't even had a wage yet and I already hate Tax! From the amount they take from such a huge number of people this country should be a utopia! Spotless streets, top notch free healthcare, etc
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    The weekly tax and national insurance threshold is about 80 quid a week. Anything over that and you will pay tax, unless you haven't worked before, or earned very much since 6th April. Your allowances roll over from week to week, so it could be a while until you notice any tax or national insurance being taken out your wages
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    also you don't pay tax on the first £3k or so that you earn.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    How old do you have to be to start paying tax?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Originally posted by lil_kazzy
    How old do you have to be to start paying tax?

    16 i s'pose

    when you get a proper job and your wages go through the books
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Everyone is liable to tax from the day they are born, if a 10yr old had interest from savings that exceeded the 4,615 personal allowance, then they would be liable to tax too. It's just a question of when and if you exceed your personal allowance.
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