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If I sell my shares, how do I figure out what tax and NI I will pay?

*Kat* · 2011-10-28 08:08:54

I have BAYE'd £1500 worth of shares, and want to sell them to buy myself a car...but I'm not sure how much tax/NI I'll have to pay. Is there a way of figuring it out? I'm currently a student (747L code) I make only about £5500 per year :S

Comments

gadgetmind Posts: 11,130 Forumite

30 October 2011 at 7:42PM

*Kat* wrote: »

I've got about £2k in total now (not including SIP) I'm just impatient and want a car so bad - I !!!!!!! hate the cold!

Good cycling/walking gear is much cheaper than a car. Also, don't forget the MASSIVE ongoing running expense of a car - insurance, depreciation, tax, tyres, MOTs, repairs, fuel, parking, the list goes on and on.

The capital required to buy the car itself is peanuts compared to the ongoing costs.

I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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