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income tax and Ni
MartinS
Posts: 29 Forumite
Hello all, im calling for a little help along the lines of ni and income tax
Ive been self employed for a couple of weeks now, and im doing my books weekly and i wish to take a wage weekly, iv'e been looking around and what can i do to work out my income tax so and ni so i can put it away every week into a seperate account, or isnt this the best way?
Thanks in advance.
Ive been self employed for a couple of weeks now, and im doing my books weekly and i wish to take a wage weekly, iv'e been looking around and what can i do to work out my income tax so and ni so i can put it away every week into a seperate account, or isnt this the best way?
Thanks in advance.
0
Comments
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The basic recommendation is to put 25% of all earnings into an ISA.
You should base the percentage you put away on your individual earnings however, personally I have to put away 40% currently.I was a DFW, now I'm a MFW :T0
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