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Car allownece?
gary_the_great
Posts: 16 Forumite
in Cutting tax
Just a quick question:
I will be recieving a car allowence on top of my salary of £270 per month. What rate of tax will I pay, or how much will i actaully take home out of that each month?
I will be recieving a car allowence on top of my salary of £270 per month. What rate of tax will I pay, or how much will i actaully take home out of that each month?
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Comments
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Depends on what else you earn.
You'll need to give us an idea of your salary and tax code.
If you are earning less than approx £38k pa, you'll be a basic rate taxpayer so the tax will be 22% or £59 per month, plus NI.
Try putting your current salary with no allowance in to this calculator and then repeat, but with your salary including the car allowance.Warning ..... I'm a peri-menopausal axe-wielding maniac
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