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What tax is actually going up in April 2022
Comments
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Except the OP, apparently, has £88k PAYE income plus sole-trader income exceeding £6k (which he hopes to pay to his wife as salary / tax dodge).[Deleted User] said:
It should depending on your salary level - around £250 per month more can be earned without paying NI. It appears that the number crunchers are saying that anyone earning less than c£34000 per annum will pay less NI from July than they due currently in 2021/22 tax year.sultan123 said:The July NI contribution limit seems to be increasing my net pay when I look on the calculator on this website. Is that correct?0 -
I find this very offensive. Stop making things up.Grumpy_chap said:
Except the OP, apparently, has £88k PAYE income plus sole-trader income exceeding £6k (which he hopes to pay to his wife as salary / tax dodge).[Deleted User] said:
It should depending on your salary level - around £250 per month more can be earned without paying NI. It appears that the number crunchers are saying that anyone earning less than c£34000 per annum will pay less NI from July than they due currently in 2021/22 tax year.sultan123 said:The July NI contribution limit seems to be increasing my net pay when I look on the calculator on this website. Is that correct?0 -
I apologise if I caused offence and certainly did not mean to.sultan123 said:
I find this very offensive. Stop making things up.Grumpy_chap said:
Except the OP, apparently, has £88k PAYE income plus sole-trader income exceeding £6k (which he hopes to pay to his wife as salary / tax dodge).purdyoaten2 said:
It should depending on your salary level - around £250 per month more can be earned without paying NI. It appears that the number crunchers are saying that anyone earning less than c£34000 per annum will pay less NI from July than they due currently in 2021/22 tax year.sultan123 said:The July NI contribution limit seems to be increasing my net pay when I look on the calculator on this website. Is that correct?
The reference to your salary level comes from our thread in February where you were weighing up which job to accept between £80k, £87k, £88k offers:
https://forums.moneysavingexpert.com/discussion/6334450/net-salary-difference/p1
The reference to your sole-trader income is from this thread:
https://forums.moneysavingexpert.com/discussion/6345549/sole-trader-paying-wife/p1
Both of those threads are yours as the same OP @sultan123 and, indeed, you confirmed you do have both the PAYE job and the sole-trader employment:sultan123 said:
Have PAYE job but also self-employed as sole trader. Guessing this doesn't change rules for employing spouse?Grumpy_chap said:Is the OP definitely sole-trader and not Ltd Co or via Umbrella Company?
A couple of months ago the OP was assessing the pros and cons of alternative PAYE opportunities.
If the OP is not a sole-trader, it will make a difference to the applicable rules for employing a spouse.
You also have a recent thread where you are comparing £70k in the north versus £90k in London as comparable:
https://forums.moneysavingexpert.com/discussion/6347264/london-equivalent-salary/p1
People can help you best when the data is clear and consistent.0
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