Earnings Limit?
kebabuk
Posts: 2 Newbie
Hi,
Wondering if anyone can help. I run a small business and have recently started employing my son one day a week. Can anyone tell me what the limit is he can earn before he has to declare his earnings to HMRC? He is not on any benefits.
Thanks
Willow
Wondering if anyone can help. I run a small business and have recently started employing my son one day a week. Can anyone tell me what the limit is he can earn before he has to declare his earnings to HMRC? He is not on any benefits.
Thanks
Willow
0
Comments
-
Is he still in full time education? If so then there's no limit.0
-
Something like £10,400 at the moment0
-
Hi,
Thanks for the replies.
No he is not in full/part time education.0 -
I believe (and stand to be corrected) you need to also offer a pension scheme.0
-
Hi,
Wondering if anyone can help. I run a small business and have recently started employing my son one day a week. Can anyone tell me what the limit is he can earn before he has to declare his earnings to HMRC? He is not on any benefits.
Thanks
Willow
Wrong question.:)
You are now an employer. You need to register with HMRC, and start operating PAYE. It is your responsibility to declare his earnings to HMRC.
https://www.gov.uk/register-employer0 -
Yes I agree. Young people working - especially this time of year - will probably end up on emergency tax codes, so paying too much tax. But in your son's case he shouldn't be liable to pay any income tax in April (given his personal allowance) and so should request a rebate from HMRC. He can do those over the 'phone or online by completing a form.Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.0
-
poppy12345 wrote: »Is he still in full time education? If so then there's no limit.
I'm not sure exactly what you mean here, but as far as I'm aware his educational position has no bearing on his tax status. As antrobus says, it's up to his employer to ensure that the correct amount of tax and NI is deducted from his wages and that he is offered the chance to enrol in a pension scheme if appropriate.0 -
p00hsticks wrote: »I'm not sure exactly what you mean here, but as far as I'm aware his educational position has no bearing on his tax status. As antrobus says, it's up to his employer to ensure that the correct amount of tax and NI is deducted from his wages and that he is offered the chance to enrol in a pension scheme if appropriate.0
-
p00hsticks wrote: »I'm not sure exactly what you mean here, but as far as I'm aware his educational position has no bearing on his tax status. As antrobus says, it's up to his employer to ensure that the correct amount of tax and NI is deducted from his wages and that he is offered the chance to enrol in a pension scheme if appropriate.0
-
Well Mum/ Dad - the really critical point here is if he's not claiming a benefit and isn't earning enough - how is he getting his NI credits?
Missed years now will cost him when they start counting his contributions for his eligibility for any benefit or a state pension...0
This discussion has been closed.
Categories
- All Categories
- 342.2K Banking & Borrowing
- 249.8K Reduce Debt & Boost Income
- 449.3K Spending & Discounts
- 234.4K Work, Benefits & Business
- 606.7K Mortgages, Homes & Bills
- 172.7K Life & Family
- 247.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards