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Lost my contract and trying to work out tax
bubble2006
Posts: 12 Forumite
Hi,
I hope I am posting in the right place and somebody can offer some advice.
I found out last week I have lost my contract, leaving me with no income coming in now (I was self employed).
I am trying to work out how much tax and NI I need to pay (I have been setting aside an amount each month).
I was employed (PAYE) April 2011 - August 2011 and earnt 5,660.00. I was registered as self employed from September and have received 9,750.00 less expenses of 875.00.
Can anybody tell me approx how much I will need to pay in tax and class 4 NI (I have been paying class 2 NI) as I do not know how my PAYE employment affects these figures.
Thank you:)
I hope I am posting in the right place and somebody can offer some advice.
I found out last week I have lost my contract, leaving me with no income coming in now (I was self employed).
I am trying to work out how much tax and NI I need to pay (I have been setting aside an amount each month).
I was employed (PAYE) April 2011 - August 2011 and earnt 5,660.00. I was registered as self employed from September and have received 9,750.00 less expenses of 875.00.
Can anybody tell me approx how much I will need to pay in tax and class 4 NI (I have been paying class 2 NI) as I do not know how my PAYE employment affects these figures.
Thank you:)
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