AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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hello 
Can some one point me in the right direction with tax bands etc?
is the lowest band 25%??? at what point does that change?
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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£0 - £1960 = 10%
£1960.01 - £30500 = £22%
£30500.01 - excess = £40%
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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merd.
cheers Donna, you helped me last time too 
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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Always like to help when I can 
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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so...... is your tax calculated on your yearly salary? Are any poss bonus's etc etc taken into account? Or is it based on your previous years income??!?!?!
i hate tax!
Do you know anything about getting your tax back for being out of the coutry for more than half the year?
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Donna - did we both Register to this site on the same day
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Tax  National insurance loans credit carsd insurance pension
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Foz
Member
Registered: 8th May 02
Location: Bristol
User status: Offline
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i don't have a pension they won't be around when i'm 65 anyway.
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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tom - aye.....
I hoping to get my tax back this year  but im sure im not paying 40% tax....
Nearly managed it 2yrs ago.....
is it around 25% of your income if you include your NI Donna? ( i have this 25% figure in my head from somewhere )
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Foz - erm..... so how are you going to live when your old and unable to work?
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Gambit
Member
Registered: 5th Jun 00
Location: Common Sense HQ
User status: Offline
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i love income tax
0-10k = 10%
10k+ = 18%
and first 8k is tax-free
ye haa - love it!
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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ilsa mung scum 
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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quote:
Originally posted by Adam Kindness
so...... is your tax calculated on your yearly salary? Are any poss bonus's etc etc taken into account? Or is it based on your previous years income??!?!?!
i hate tax!
Do you know anything about getting your tax back for being out of the coutry for more than half the year?
If you're doing a tax return due end of the month you need to include all your earning for the tax year ended 5th April 2003. Thats salary, overtime, and bonus' as your income.
No sorry, I don't actually work in tax. Im just telling you what I know
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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quote:
Originally posted by Gambit
i love income tax
0-10k = 10%
10k+ = 18%
and first 8k is tax-free
ye haa - love it!
Where you getting your figures from Do you work in the construction industry by any chance?
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Foz
Member
Registered: 8th May 02
Location: Bristol
User status: Offline
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quote:
Originally posted by Adam Kindness
Foz - erm..... so how are you going to live when your old and unable to work?
state pension and savings. I expect once i'm in a established carer i will have a company pension.
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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quote:
Originally posted by Adam Kindness
Donna - did we both Register to this site on the same day
Spooky
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Isle of man donna
How u claiming it back then adam 
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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my works admin dept do all the tax junk..... but i've made 30k+ for over 2yrs now and im sure in not paying 40%
not complaining..... just trying to work out shit.
Those tax bands are a cunt too... Imagine if you made 10p over the limit. Youd work out getting less what a bummer!
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AK
Member
Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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Tom - if things keep up the way there going, i'll be working out of the country for more than half the year. It will be good if i do get it back Im going to go to india for a few weeks in Feb too i think, just to stay out the country a bit longer
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Yep but u have to think, they got to do it some way I spose....
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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quote:
Originally posted by Tom D
Isle of man donna
How u claiming it back then adam
wow, im moving
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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quote:
Originally posted by Adam Kindness
my works admin dept do all the tax junk..... but i've made 30k+ for over 2yrs now and im sure in not paying 40%
not complaining..... just trying to work out shit.
Those tax bands are a cunt too... Imagine if you made 10p over the limit. Youd work out getting less what a bummer!
You only get taxed on the income over the limits so if you earn £40000 in ONE tax year it will be as follows.
£1920@10% = 192.00
£27980@22% = 6155.60
5485@40% = 2194.00
giving a total of £8541.60 for the year.
The figures incluse your personal allowance as well of £4615
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Adam
Member
Registered: 1st May 01
Location: Hurstbourne Tarrant
User status: Offline
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to get tax back you have to be out o the country for 12 months out of 14
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by Donna Corsa GSi
quote:
Originally posted by Tom D
Isle of man donna
How u claiming it back then adam
wow, im moving
Shud have quoted Your reply to Gambit, u asked what he did..
sorry 
I was pointing out that gambit lived in the isle of man
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Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
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And im just saying if the tax is lower there im moving. Thats all
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