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Tax rules for mid year start of job -

NewGuy2UK
NewGuy2UK Posts: 2 Newbie
in Benefits & tax credits
Hi ,

I moved to UK in september 2013 and prior to that I was a citizen from an Asian country. I have 2 questions --

How my tax allowance will be calculated for financial year 2013-2014.
Am I eligible for entire allowance of GBP 9440 or will it be divided per month ( as my salary is per month ) and I will be entitled for allowance for the number of months I served in UK ??

How my income will be calculated for this financial year.. if my package is 40K per anum , on what income will my tax be calcuated for this year ( as I will only earn the 6 month income in UK )

Comments

  • Torry_Quine
    Torry_Quine Posts: 18,895 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Even though you won't have worked for the whole tax year you still have the whole year's allowance to use. What is your tax code as that will tell you how much you can earn before tax,
    Lost my soulmate so life is empty.

    I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
    Diana Gabaldon, Outlander
  • NewGuy2UK
    NewGuy2UK Posts: 2 Newbie
    My tax code is 944L which is the temp code. So I'm not really sure in which band I will fall for this financial year.. 20% band or 40% band.
  • Torry_Quine
    Torry_Quine Posts: 18,895 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    NewGuy2UK wrote: »
    My tax code is 944L which is the temp code. So I'm not really sure in which band I will fall for this financial year.. 20% band or 40% band.

    Actually that is generally the standard tax code for all employees. It would normally have week1/ month 1 for emergency tax.
    Lost my soulmate so life is empty.

    I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
    Diana Gabaldon, Outlander
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    NewGuy2UK wrote: »
    My tax code is 944L which is the temp code. So I'm not really sure in which band I will fall for this financial year.. 20% band or 40% band.

    A £40k package will not get you into 40% tax bracket even with a full year.
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