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As a student, should I be paying less tax?
crazyjeyesy
Posts: 4 Newbie
I worked full time at Tesco, then went part time when I went to uni, but how do I know I'm in the right tax bracket? Obviously I pay less because I work less, but should I be in a different bracket now? Everything's probably fine - I just have this pathological fear of paying more for things than I need to, which I guess brought me to this website (and a fine one it is too)!!!
All help and advice for a newbie greatfully received! :beer:
All help and advice for a newbie greatfully received! :beer:
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Comments
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Students are taxed in the same way as anyone else.Gone ... or have I?0
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Fairy nuff.
Although we don't pay council tax.0 -
Although you are taxed at the same rate, you might have to claim some back if you have paid too much at the end of the tax year (April). If you earn less than £5,035 over the tax year then you can claim all of it back.
http://www.hmrc.gov.uk/students/tma-working-while-being-a-student.shtml
This may help if you have more questions.0 -
If your job is classed as 'holiday' or temporary job you can submit a form whereby your employer does not stop any tax from your wage. You do, however,have to pay tax on it if your earnings for the year go over your personal allowance.0
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QuirkyChemistry wrote: »Although you are taxed at the same rate, you might have to claim some back if you have paid too much at the end of the tax year (April). If you earn less than £5,035 over the tax year then you can claim all of it back.
http://www.hmrc.gov.uk/students/tma-working-while-being-a-student.shtml
This may help if you have more questions.
That's brilliant, cheers0
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