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student tax

colloq
colloq Posts: 169 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Employment, jobseeking & training
Hi there, Im a 17yr Old Student at Sixth Form College. How much am I allowed to earn before being taxed?

Thanks,

Comments

  • Johnhowell
    Johnhowell Posts: 692 Forumite
    Part of the Furniture 500 Posts
    colloq wrote:
    Hi there, Im a 17yr Old Student at Sixth Form College. How much am I allowed to earn before being taxed?

    Thanks,

    £5035 between 6 April 2006 and 5 April 2007. This is the personal allowance for a person under the age of 65.

    John
  • liney
    liney Posts: 5,122 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    During college holidays you need to fill in a P38 (your employer will have them) and then you will not have to pay tax during the holidays.

    A normal tax code is 503L for 06/07 - if yours is different then ask the tax office why.
    "On behalf of teachers, I'd like to dedicate this award to Michael Gove and I mean dedicate in the Anglo Saxon sense which means insert roughly into the anus of." My hero, Mr Steer.
  • isasmurf
    isasmurf Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    liney wrote:
    During college holidays you need to fill in a P38 (your employer will have them) and then you will not have to pay tax during the holidays.
    This only applies if you work ONLY during the holidays. You may find the HMRC student brochure TAX+U helpful.
  • liney
    liney Posts: 5,122 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I stand corrected! Although i used to fill in a P38 when i was a student for my part time job.
    "On behalf of teachers, I'd like to dedicate this award to Michael Gove and I mean dedicate in the Anglo Saxon sense which means insert roughly into the anus of." My hero, Mr Steer.
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