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!
Tax Rate
Clawson4858
Posts: 1 Newbie
H
Furloughed Tax Rate
I currently have a gross income of £58k so clearly £2500 is the max monthly amount I will receive , but what will the tax rate be on that amount given the higher tax rate I currently pay ? will it be at the higher rate? or the lower rate ?
kind regards Darren
0
Comments
-
If your taxable trading profits from self employment for 2018/19 exceeded £49,999, and the average annual taxable trading profits from self employment over the period 2016/17 to 2018/19 exceeded £49,999, you will receive no grant at all. What precisely is the £58,000 figure?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards