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

immoral_angeluk

Jo4 wrote: »

Is the £145 spoken for?

yea, debt lol!

Gemmzie

immoral_angeluk wrote: »

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

Whatever Ste earns, take off £5k - that's yours

Then take off £2000 - this gets taxed at 10% (so £250 tax)

Then the remainder - take off 22% - this gets taxed.

Then you get three tax figures (£0, £250, then the 22% bit), take that off the yearly salary and divide by 12 for current take home pay.

~~~~~~~~~~~~~~~~~~~

New bit, take off 5k as before

Then the rest take off 20%.

Then take that 20% figure off the total salary, divide by 12 this is your new take home pay.

fruitycar

immoral_angeluk wrote: »

thanks guys, your support really means a lot to us and thanks to everyone. It's really much appreciated. Where would we be without you guys eh?

Got a stressful day ahead. Ste's day is having a triple heart bypass op today Keeping everything crossed for him that it all goes smoothly and he has a quick recovery. Ste's obviously very worried and didn't sleep last night at all. But hopefully it'll all be over soon.

:grouphug: been there with my DH recently. Trying to offer words of comfort and support, but they wont come out right :think: take care of yourselves. x

Ellidee

Sar have pm ed you X

immoral_angeluk

Gemmzie wrote: »

Whatever Ste earns, take off £5k - that's yours

Then take off £2000 - this gets taxed at 10% (so £250 tax)

Then the remainder - take off 22% - this gets taxed.

Then you get three tax figures (£0, £250, then the 22% bit), take that off the yearly salary and divide by 12 for current take home pay.

~~~~~~~~~~~~~~~~~~~

New bit, take off 5k as before

Then the rest take off 20%.

Then take that 20% figure off the total salary, divide by 12 this is your new take home pay.

uhhhhhh... he earns 14k a year.. that's all I know :rotfl:

Snaggles

Old system:

£5k tax free
£2k @ 10% tax = £200
£7k @ 22% tax = £1540

Total annual tax = £1740

New system:

£5k tax free
£9k @ 20% tax = £1800

Total annual tax £1800

So you will lose £60 a year.

Is that right?

immoral_angeluk

Snaggles wrote: »

Old system:

£5k tax free
£2k @ 10% tax = £200
£7k @ 22% tax = £1540

Total annual tax = £1740

New system:

£5k tax free
£9k @ 20% tax = £1800

Total annual tax £1800

So you will lose £60 a year.

Is that right?

So about £5 a month? That's not too bad then..

Snaggles

Lol, unless I've misunderstood it.....I would get someone else to check first!

(my brain is still on maternity leave)

notanothergreyhair

barnaby-bear wrote: »

Hmmm did contemplate becoming gay overnight

You made the right choice not to, the cost of all the taffeta required is incredible.

Just caught up on the thread IA. Sorry to hear that some urchin has been over exciting him/herself on your thread, I say we contact Mr T and waste the fool! If s/he comes back then tell him/her to quit their jibba jabba.

Hope everything goes well with Ste's father.

NAGH

wydsiwyrg

immoral_angeluk wrote: »

So about £5 a month? That's not too bad then..

Hi there. New to your thread.

Yes that's about right. Although the allowances will all change as well, so you might find it's more like £3 or £4 per month. This only kicks in from April this year as well, remember.

Tim