Surprising payslip!

agrinnall

Given that you're an employee and you're being paid through PAYE there shouldn't be much need for forecasting as your employer will do all the calculations for you. And if just under £1K is going to be your regular pay amount then you'll pay very little tax at all - quite possibly none if you had no earnings in month 1, as your total for the year will be under the standard personal allowance.

McKneff

This basic lesson of tax deductions, and lots of other financial matters should be taught in schools. I cannot think for the life of me why it isnt

00ec25

McKneff wrote: »

This basic lesson of tax deductions, and lots of other financial matters should be taught in schools. I cannot think for the life of me why it isnt

I agree, though part of me also thinks that parents should ensure their kids have at least a basic grasp, since they have "some" experience of the world of pay and should be able to find someone at work you can teach them.