We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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:)
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards