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tax
Former Member
Posts: 1,876,323 The Mix Honorary Guru
not sure if this is in the right bit ?
how much tax are they supposed to deduct from your pay ?
because i think im being underpaid ! ... cheeky !! i dont do much work anyway but they dont know that !
how much tax are they supposed to deduct from your pay ?
because i think im being underpaid ! ... cheeky !! i dont do much work anyway but they dont know that !
0
Comments
As a quick (very simplified and rough) summary:
You get about £5000 a year tax free.
You pay 10% tax on the next £2000.
You pay 22% tax on the rest.
(If you earn lots then you pay 40% tax on the next chunk up, but that's for high earners).
Don't forget there is also National Insurance. If you are paid weekly/monthly then they usually divide your allowance across the whole year, so you get just over £400 a month tax free.
give that a try
Scary Monsters tax bands are about right.
National Insurance is charged at 11% over £87 earnt per week.
Always worth checking, I use to get quite a few enquires when I did payroll in my old job.
Woo I like that website. Even if it is only a rough figure, it made me feel alot better about what I'll be earning in my new job