Income tax & NI calculator for 2008/9

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  • mitchaa
    mitchaa Posts: 4,487 Forumite
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    The binary calculator is a lot of rubbish.There will be no differences in taxation between 08/09 and 09/10 apart from the usual PA. Additionally the 10% banding is being scrapped next month ie April 2008, not 2009 like the binary calculator suggests.

    To the O.P.....

    Yes there is a calculator with the new rates...

    www.thesalarycalculator.co.uk

    Anyone earning over £15000 will see an increase due to 22% down to 20%.
    Anyone earning less than £15000 will suffer due to abolotion of 10% tax band.
  • TaxGeek
    TaxGeek Posts: 32 Forumite
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    I think those on an income of about £35k will benefit the most from the new rates, after that the amendments to NICs mean the increase in take home pay starts to reduce, such that someone on £40k will actually be slightly worse off.
  • frugalmacdugal
    frugalmacdugal Posts: 10,077 Forumite
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    Hi,

    don't think I would mind being slightly worse off if I was earning £40K. :rotfl:
  • papito
    papito Posts: 365 Forumite
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    Hi,

    don't think I would mind being slightly worse off if I was earning £40K. :rotfl:

    well done said...me too :rotfl:
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