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please help i've been shafted by the taxman.....
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Well I just got my first pay cheque at the new job and it looks like I've been royally raped by the taxman, £433 to be precise i mean wtf thats more than the fricking rent! :shocking: ......I just want to know how I can work out what if anything I can claim back, it just can't be that much surely.......works out as £281.81 PAYE tax and £151.58 on NIC, my gross pay for the month was £1784 so I'm only taking £1351 home, ive just done the calculations and thats a whopping 24% of my wage, I do believe the basic bracket is 22% (which is obscene btw) so i guess it's not far off, but still I'm not letting the fuckers take anymore than they should out of principle, life's expensive enough esp in London........so can anyone help? I looked up their website and they have a general advice helpline which I'm gonna ring up and complain but want to get my facts straight first if poss (am I being back-taxed or something?)......cheers.
oh and another thing, i was under the impression that student loan repayments are deducted straight from the wage slip just like tax, but there's nothing on my slip about it so whats the deal with that?
oh and another thing, i was under the impression that student loan repayments are deducted straight from the wage slip just like tax, but there's nothing on my slip about it so whats the deal with that?
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Comments
If your are sure that they have over charged you ask to speak to the payroll department for claification.
Basic rate 22% from £2,091 to £32,400
Higher rate 40% over £32,400
To be honest, it sounds about right. You generally do lose about 25%.
its tax free up to £5,035 now i believe
and then 10% up to £10,000
and then basic rate above that
well it works out as an average, so if you earn a big pay packet in the first week, then you will get taxed as if they assume you will earn that amoutn every week, and the next week if you earn a lesser amoutn, then the amount you earn a week on average will lower, so you wil get taxed a little less, but thats in monetary terms, not percentge terms
hmm well not according to this site......i dunno it's all very confusing, so the NIC is on top of the 22% and not part of it? if so then it makes sense, i swear my NIC wasnt nearly that high in my old job though, and i wasn't getting paid much less......
That is what an employer will put you on if you have not given them the P45 - It is also the standard tax code.
lol great thinking from the inland revenue, have the same code for standard tax and emergency tax? is that what your saying......
thanks for all the quick replies btw chaps. :thumb:
Your tax deductions are about right, you lose about 25% of your wage in tax.
So do MPs pensions...
If you dont like the price of fags - dont smoke
And how often were you planning on paying capital gains or inheritance tax?
I'd agree, its not always easy to see a good 1/3 of your wages disapear.
It happens to us all - get on with it!
I feel rather sick at the sad acceptance of theft I see here. :yuck:
I just do not see the point of moaning about something that happens to everyone. I would rather accept it and get on with my life rather than trying to challenge everything - but that is me!
Some of us are the theives and liars you so hate, so its not really even our money in the first place.
It's not hate mate, it's pity/despising such people usually.
Can't get a job people actually are willing to voluntarily pay for or sokmething?
No, it was definitely taken from your wages.
No, it's exactly like getting mugged.
Such a charmer.
Who's really willing to pay anything for anything?
/bow
If you can get the state to steal it for you? Not many people obviously.
Look at it this way. You fancy some potatoes, you go to the shop, you buy the potatoes and then take them home. This is a voluntary transaction.
Taxation is someone buying some potatoes whether you want them or not and using a gun to get you to pay for them.
Which is better?
If you can provide some evidence of the existence of countries, I will happily do that. Best of luck........