📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

how much tax should he be paying?

Options
My partner is getting £25200 per year and take home £1563 a month. Does that sound about right? when they say you have to pay 22% does that include NI? Or is that everything? Cause if i've calculated right then he is paying just over 25% no?

Comments

  • 25% is about right, 22% is without paying NI so once NI is paid it takes the deductions to more than that. You need to get the payslip and check the actual amount of tax deducted against the taxable amount

    If you google online tax calculators you get this one: http://www.worksmart.org.uk/tools/tax_calc.php

    The amount of take home looks approximately right for the salary.

    Although all this will change in April.
    £34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
    Sealed Pot #389 (2010=£133)
  • bettersoon
    bettersoon Posts: 56 Forumite
    ah thanks. So why will things change in April?
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    Because Gordon Brown has changed the income tax bands from -


    10%, 22% and 40% to 20% and 40%

    see here - http://www.hmrc.gov.uk/rates/it.htm
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • N9eav
    N9eav Posts: 4,742 Forumite
    Now that the 10% band is gone the low earners will pay more tax. And be worse off.

    Does anyone know how much you would have to earn to start benefitting from the new tax banding?
    NO to pasty tax We won!!!! Just shows that people power works! Don't be apathetic to your cause!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.