Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
tax code change in april 2011
readytofly
Posts: 93 Forumite
in Cutting tax
What does this actually mean for us? I know it means an extra £1000 tax free money, but what difference will we notice in our net pay?
If there is already a thread on this, please feel free to point in right direction. I tried the search option but no luck
TIA
If there is already a thread on this, please feel free to point in right direction. I tried the search option but no luck
TIA
0
Comments
-
readytofly wrote: »What does this actually mean for us? I know it means an extra £1000 tax free money, but what difference will we notice in our net pay?
It will mean that £1000 less money is subject to tax at 20% so £200 over the year less tax.
However this is only true if you are a basic rate taxpayer. If you are a higher rate taxpayer this amount is clawed back through the lowering of the higher rate tax threshold.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards