We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Tax changes 2009/2010

morrow56
morrow56 Posts: 210 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Cutting tax
I earn 17,290 - anyone any idea how much my take home pay may change next month due to the new tax rates and allowances coming in at the start of the new tax year

Thanks
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam

Comments

  • Mikeyorks
    Mikeyorks Posts: 10,379 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    No new tax rates ... just the increase in personal allowances. If you're on the basic (currently Code 603L) .... an increase of £440pa.

    Which - at 20% translates to £88 less tax over the year. But NI will inevitably go up ..... so don't spend it all at once!
    If you want to test the depth of the water .........don't use both feet !
  • morrow56
    morrow56 Posts: 210 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Doesn't basic rate go down from 22 to 20 in the pound
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • tinkerbell84
    tinkerbell84 Posts: 5,323 Forumite
    morrow56 wrote: »
    Doesn't basic rate go down from 22 to 20 in the pound

    It's already 20% ;)
  • morrow56
    morrow56 Posts: 210 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Oh - thanks for that - cheers
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.1K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture