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

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Comments

  • JET34
    JET34 Posts: 1,144 Forumite
    immoral_angeluk wrote: »
    So about £5 a month? That's not too bad then..

    Don't forget NI... I don't know what it is though sorry
    DEBT FREE 23/FEB/07 TWO YEAR's!! £2 £1020.00 Banked New total £268+ and counting SAVINGS 3000.00- ISA £30. :j
  • floss2
    floss2 Posts: 8,030 Forumite
    I-A, Have just done a quick calc, and based on £14k & the new tax & NI rates, I reckon Ste's wages will drop by less than £60 a year...more like £35....HMRC has a page of rates & allowances which you can use to calculate NI & Tax for next year.

    Also, isn't Child Benefit going up in April? And will Ste be in line for a pay rise or an increment
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    Thanks guys... nice of the government to tax us even more though! :rolleyes:
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • wydsiwyrg
    wydsiwyrg Posts: 53 Forumite
    Essentially, if you earn less than 18,600/a you'll take a slight pay drop. If you earn more than 18,600/a you'll take a slight pay rise (around 2% of everything over 18,600).
    Tim
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    wydsiwyrg wrote: »
    Essentially, if you earn less than 18,600/a you'll take a slight pay drop. If you earn more than 18,600/a you'll take a slight pay rise (around 2% of everything over 18,600).
    Tim
    Nice... so punish the people who don't earn much. charming!
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • ZTD
    ZTD Posts: 24,327 Forumite
    wydsiwyrg wrote: »
    Essentially, if you earn less than 18,600/a you'll take a slight pay drop. If you earn more than 18,600/a you'll take a slight pay rise (around 2% of everything over 18,600).
    Tim

    Must admit, that doesn't particularly seem very nice...
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • barnaby-bear
    barnaby-bear Posts: 4,142 Forumite
    immoral_angeluk wrote: »
    Nice... so punish the people who don't earn much. charming!

    It's not that simple it's coming in with some tax/child credit adjustments so if you earn less than around £18k and are single you are truely going to be worse off particularly in the 10-13k band; if you have kids though you are supposed to be marginally better off...

    National Insurance is changing too IIRC
    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/03/24/cmbudget24.xml

    Sharesave is going to take a pounding
    http://business.timesonline.co.uk/tol/business/money/tax/article3255967.ece
  • dancingfairy
    dancingfairy Posts: 9,069 Forumite
    Hi IA:hello:. I'm sorry you ended up with such a nasty horrible troll yesterday.

    Fingers crossed for today for you.
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • tigzem
    tigzem Posts: 2,361 Forumite
    Why are your tax credits going down? Is everyones? Have I missed something? x
    "Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    tigzem wrote: »
    Why are your tax credits going down? Is everyones? Have I missed something? x
    K turned one so we lost the baby element.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
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