compnay car tax/income tax

mb_2001uk

sorry is going on a bit
ford mondeo titanium x value around 24k plus fuel allowance
Maybe its beacuse i didnt have private fuel at the last place

kitty1801

mb_2001uk wrote: »

sorry is going on a bit
ford mondeo titanium x value around 24k plus fuel allowance
Maybe its beacuse i didnt have private fuel at the last place

What are the co2 emissions? And when you say fuel allowance do you mean that your employer pays for all your private fuel?

mb_2001uk

yes co2 about 147
company has given me a prvate fuel option

wolvoman

kitty1801 wrote: »

You will be paying tax at 40% if your total income (pay + benefits) exceeds £41,435.

Your first job pays you 31,000 + 5,500 + 8,000 = 44,500 so you are already paying at the 40% rate band.

Your other job would pay you 35,000 + 4,000 + 8,000 = 47,000

So the extra you would have (after tax - don't know about NI) would be £2,500 x 40% = £1500 pa or £125/month

kitty1801 has it spot on (well almost). At that level of income there is also an additional 1% of NI to pay, so net monthly increase would actually be £122.92.

mb_2001uk

http://www.comcar.co.uk/newcar/companycar/taxcalc/g5calc.cfm?clk=1&source=car&carAlreadySaved=1410709&id=114753&userID=18628493

kitty1801

If it's a petrol car, the car benefit is £4080 & fuel £2873. If it's diesel then car benefit is £4800 & fuel £3380.

If your car is the petrol version, then taking into account your medical benefit of around £900, I would expect your code to be K240.

You would really be best to get your coding checked. Without having that to hand, I can't explain why your code is only 148L.

mb_2001uk

thanks very much for all your help will get it checked

kitty1801

mb_2001uk wrote: »

http://www.comcar.co.uk/newcar/companycar/taxcalc/g5calc.cfm?clk=1&source=car&carAlreadySaved=1410709&id=114753&userID=18628493

You can also check here http://www.hmrc.gov.uk/calcs/cars.htm it may be more accurate as sometimes other sites aren't always kept up to date.

pruneboy

Hi all, newbie here. Hope you can help as been trawling the net with no success so far!

Just been offered new employment and trying to work out final take home salary out!

Wage: 33k per annum
Tax Code: 90L
Pension contribution: 5%
Company car: Volvo C50 R Design Sport 2.0D
No other benefits.

What other information would you need from me to be able to calculate final pay?

Thanks in advance.