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!

Being taxed 31% on my £250 bonuses - is this correct?

Hi there, I need a bit of advice. I am 28, Uk citizen, 1 full time job. I earn £25,000 basic and occasionally earn a £250 bonus. I only receive £172 of the £250 after I have been taxed though - this is a 33% tax which seems a bit much baring in mind I only earn £25K.

Does anyone know if this is correct? I have asked accounts and I only get a shirty response from the girl there "it's what the machine says".

Any help would be appreciated, thanks.

Comments

  • molerat
    molerat Posts: 36,375 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tax and NI seems about right.

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    on your marginal earnings e.g your overtime you will be taxed at 20% and you pay NI at 11%
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • Bean_Counter
    Bean_Counter Posts: 1,496 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    molerat wrote: »
    Tax and NI seems about right.

    Agreed - 20% basic rate tax and 11% NI
    Today is the first day of the rest of your life
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
  • 355.5K Banking & Borrowing
  • 254.8K Reduce Debt & Boost Income
  • 456K Spending & Discounts
  • 248.1K Work, Benefits & Business
  • 605.5K Mortgages, Homes & Bills
  • 178.9K Life & Family
  • 263.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K 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.