📨 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!

New Income Tax Checker

18911131420

Comments

  • Hey

    When I use the tool it says the tax free allowance is 10k. I thought it was 10,600 like the gov.uk website says. I feel like I'm missing something. Why is there this difference?

    Can anyone help me out?
  • molerat
    molerat Posts: 34,662 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It gives £10600 for me, are you sure you are not inputting the wrong tax year ?
  • ooops. Yep, I was looking at the year 2014/15 and mistakenly thought the allowance was 10,600 for then too. I looked it up and the allowance then was 10k, as the tool says.
  • Hello everyone
    i started worked from 08/2015 with salary : 1667GBP per month. so until the end of year 2015 i got total 8335GBP for this year ( under 10600GBP)
    should i still have to pay TAX or not ? if it calculate by year will be 20000 per year. but this year i only got payment for 5 months only

    please help me advice

    thank you very much
    Regard
  • Robin9
    Robin9 Posts: 12,808 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes you will pay tax - the tax year is 2015/16 and ends April 5 2016, you will have learnt over £10600
    Never pay on an estimated bill. Always read and understand your bill
  • Where has the pre 2011/12 student loan option gone???
  • The new tax calculator doesn't give me the option to add my Student loan? Also it states I won't pay any national insurance??? Why? I am very confused!
  • Mrs_Arcanum
    Mrs_Arcanum Posts: 23,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Are the NI contributions going up for 2016/17? Seems to show me paying more than I do currently by just under £7.
    Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits
  • JM16
    JM16 Posts: 3 Newbie
    Eighth Anniversary First Post Combo Breaker
    Hi, does anyone know why no tax is being taken out when I use the calculator? Its only giving me a final figure in pocket with NI deducted but £0 tax?
  • You can usually earn more wage/salary before you need to pay tax compared to nic.

    Could simply be you are earning enough to pay nic but not enough to have to pay any tax?

    But as you havent supplied any actual earnings amounts then it will be difficult for anyone to give any meaningful help/advice
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.