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    • kmb500
    • By kmb500 30th Nov 17, 12:06 PM
    • 412Posts
    • 110Thanks
    Taxed 32% on extra pay?
    • #1
    • 30th Nov 17, 12:06 PM
    Taxed 32% on extra pay? 30th Nov 17 at 12:06 PM

    I earn £1821.83 per month which by my calculation is £21861.96 salary per year. I did some extra work this month and got paid £331.20 extra for it. But I got my payslip and the tax seems like a lot. I got taxed £415.56. I won't be earning anything else for the rest of the year so that would make my 2017 earnings to be £22193.16.

    I don't know normally what my tax is because I was paying £100 of my earnings on pension but I have just opted out so this is the first pay slip with no pension deduction. But judging by MSE calculator I should be paying £173 income tax and £137 national insurance. So now paying £238.80 income tax and £176.76 NI seems very high!

    I earned £331.20 extra but got taxed £105.56 more which is 31.8% tax. I thought the tax rate is 20%.

    Can anyone make sense of this?
Page 2
    • qwert yuiop
    • By qwert yuiop 1st Dec 17, 9:16 AM
    • 2,326 Posts
    • 1,408 Thanks
    qwert yuiop

    We have property tax here it's called council tax
    Originally posted by kmb500
    $10,000 on an ordinary house? Itís one of the reasons why so many Americans live in trailers.
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