help understanding tax

knithappens

WHen a person start work is it right that as an individual i can earn £6035 before i start paying tax. Is this right, as i dont understand the tax bands. Any help would be great. I know basic rate tax is 22%, i pay this however my husband has juststarted work, and is on minimum wage, and we are tryoing to work out how much tax and NI he should be earning. this is his first job for a long while.

Sharon

Mi_bargains

£6035 is the annual amount. If you work for an employer you can earn £502 (£6035/12) per month without paying any tax, anything over this is taxed at 20% (basic rate).

You must also factor in National Insurance contributions.

Use this website to give you a general idea of how much your husband will take home

https://www.freelanceuk.com/money/paye_calculator.php

1. Type in his gross pay
2. Click on monthly or weekly
3. Enter his tax code (standard code is 603)
4. Do not click in the box with (K, BR, DO, NT)
5. Click Submit

knithappens

thankyou so much will bookmark for future reference

Tettle

Also HM Revenue have quite a lot of helpful information on their site www.hmrc.gov.uk They have sections for self employed and show all the earning bands and allowances.