Simple tax questions!

inamabilis

Hi, a bit of background first -
I'm a student, I have a student loan and my parents contribute to my accommodation costs.
I've started part time work (24 hours a week at 5.52, just gone up to 5.70/hour) a few months ago and my tax code is BRW1 - I think this is wrong though as I have no other jobs?

My job is actually on a student contract (i.e. only work term time). I suspect this will make it a bit more complicated? I think the max we'd work is about 30 weeks a year.

Could anyone clear up for me how much income tax and national insurance I should be paying?

Sorry if this was the wrong place to post.

Thanks

CLAPTON

you pay tax if your income (earnings plus gross interest but not student loans or gifts from parents (or anybody)) exceeds 5225 per tax year (6th April07 to 5th april 08)

you pay NI is your weekly earning exceed 100 per week.

so you can do the arithmetic yourself ...
so you pay no tax but you will pay some NI

normally you would be on a tax code of 522L but students who only work in the holidays (not term time ) are allowed to receive their income without tax deduced.

speak to your employer and/or the tax office and get your tax code changed

fengirl_2

You need to ask your employer for a form P46. Sign this to say this is your only or main job and also that it's your fisrt job (if it is in fact). Your employer will them put you on code 522L and will refund your tax. Don't wait until the end of the tax year!