We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Tax questions please
postingalwaysposting
Posts: 13,987 Forumite
in Cutting tax
Hi all, can you help a dumb 22 year old work out her tax 
Confused is not the word I am beyond confused.
I will be moving over to 20% tax soon because they have lost the 10% tax. Now how does this fair in relation to what I am paying now? I have this fear that I will be paying nearly £200+ a month in tax (told you I was thick) which means I might as well not work Below is the total for the last tax year I am unsure if i have paid to little/to much that year. I know this will sound really bad but I just believe whatever is taken from my wages are correct ~ nieve I know :rolleyes:
This is last years totals ~
income before tax ~ £11,753.30
tax payed ~ £1,167.68
ni paid ~ £718.63
Any help welcomed :A
Confused is not the word I am beyond confused.I will be moving over to 20% tax soon because they have lost the 10% tax. Now how does this fair in relation to what I am paying now? I have this fear that I will be paying nearly £200+ a month in tax (told you I was thick) which means I might as well not work
Below is the total for the last tax year I am unsure if i have paid to little/to much that year. I know this will sound really bad but I just believe whatever is taken from my wages are correct ~ nieve I know :rolleyes:This is last years totals ~
income before tax ~ £11,753.30
tax payed ~ £1,167.68
ni paid ~ £718.63
Any help welcomed :A
0
Comments
-
With the change in the NI threshold / personal allowances ..... you will be worse off ..... but by just £5.50 per month (assuming a Code of 543 this year?)
Easy to use calculator here .... you can also prove that what you paid last year was correct!
http://www.listentotaxman.comIf you want to test the depth of the water .........don't use both feet !0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards