IA's Debt/Life/Little bit of Everything Diary...

immoral_angeluk

We usually have £145 left over after ste's wages...

TallGirl

In case this helps most CABx run their adviser training courses every 6 months so if you get accepted you could always ask to start on the next one. I am sure they won't mind as they are usually desperate to get younger people invovled.

Gemmzie

Just read that back, and felt like it sounded like I was having a go. I wasn't. It's just I did my parents tax calculations for the next year last night and it's about £150 a year from each we are losing thanks to the new tax rules, which leaves things really tight month to month.

immoral_angeluk

Gemmzie wrote: »

Just read that back, and felt like it sounded like I was having a go. I wasn't. It's just I did my parents tax calculations for the next year last night and it's about £150 a year from each we are losing thanks to the new tax rules, which leaves things really tight month to month.

No it's fine don't worry... can you explain more about the tax thing though??

(Land_of)_Maz

yeah, i'd like to know a bit more about that Tax thing too.

Gemmzie

immoral_angeluk wrote: »

No it's fine don't worry... can you explain more about the tax thing though??

At the moment you get £5k odd tax free, then the next £2k at 10% tax, then the remainder at 22% tax (unless you go over I think it's £40k then it's 40%).

They are removing that 10% bit and changing 22% to 20%.

So you'll now have £5k odd tax free, then 20% on everything over that.

On my mum's income of £13k a year, she's £150 worse off a year, doesn't seem like a lot but it is to us.

Bunnyinthelights

Sar,
Everything ok?

immoral_angeluk

Gemmzie wrote: »

At the moment you get £5k odd tax free, then the next £2k at 10% tax, then the remainder at 22% tax (unless you go over I think it's £40k then it's 40%).

They are removing that 10% bit and changing 22% to 20%.

So you'll now have £5k odd tax free, then 20% on everything over that.

On my mum's income of £13k a year, she's £150 worse off a year, doesn't seem like a lot but it is to us.

lol I've no idea how that works out for us :rotfl:

Jo4

immoral_angeluk wrote: »

We usually have £145 left over after ste's wages...

Is the £145 spoken for?

immoral_angeluk

Bunnyinthelights wrote: »

Sar,
Everything ok?

Yea not too bad.. Just had an update that Ste's dads having his premeds and will be going under later this afternoon... should be out by 9pm.

That and looks like I'm not going out on friday after all as my mate can't make it. Another night in with the tv for me then.