Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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As im nearly a 2nd year apprentice i have been offered shifts...
I will be earning roughly £12,800 a year. £1086 a month.
Roughly how much of this will i get taxed and national insurance deductions? Reason im asking is im debating wether to go on this shift or not.
Cheers
BTW im 19, if that makes any difference?
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michelle
Member
Registered: 15th Oct 03
Location: Kirkintilloch, Glasgow
User status: Offline
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About £250 I think
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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you will probably come out with about £700-£750
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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A month? is that tax and national insurance?
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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FFS THE GOVERMENT CAN FK-OFF!
I bet more than half my money goes on tax when u take in petrol and everything else FFS!!!!!
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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I wouldnt really mind paying taxes, but what do they spend the money on.... all the dole bumbs, asylum seekers and that big tent called "millenium dome"
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koolkorsa
Member
Registered: 15th Jun 03
User status: Offline
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i'm no expert but i think your first 6 grand roughly is tax free. Then u'll be making 7grand on top of that. So 23% income tax on that = £1600. Don't have a clue about national insurance payments though sorry.
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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Your right,
How much income tax do I pay?
Income tax is a progressive tax, in other words, the rate rises with the level of income. The personal allowance is tax-free, but income over this figure is subject to taxation at the three rates currently in force, which are:
Lower Rate (currently 10%) which is payable on the first £1,960 of taxable income over the personal allowance.
Basic Rate (currently 22%) which is payable on the next £28,540 of taxable income.
Higher Rate (currently 40%) which is payable on all remaining taxable income.
Therefore, a person earning £40,000 per year of taxable income would pay no tax on the first £4,615, 10% on the next £1,960 (£196), 22% on the next £28,540 (£6,278.80) and 40% on the remaining £4,885 (£1,954), which adds up to a total of £8,428.80 payable in income tax.
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Dean_H
Member
Registered: 19th May 02
Location: Rhondda Cynon Taff
User status: Offline
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From April 6 2003, national insurance contributions will rise to 11% on earnings above the £89 per week threshold, from the current 10%. Above the upper earnings limit, which will increase in line with inflation in 2003-04, people will pay 1% in national insurance contributions. The upper limit for 2003-04 is £30,940.
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Adam
Member
Registered: 1st May 01
Location: Hurstbourne Tarrant
User status: Offline
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About 880-916
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PaulW
Member
Registered: 26th Jan 03
Location: Atherton, Greater Manchester
User status: Offline
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same wage as i was on...
around 870-880 a month
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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Assuming that you're single, under 65, and not registered blind:
Annual:
Gross Income: £12,800.00
Tax-Free Allowance: £4,745.00
Taxable Amount: £8,055.00
Tax Paid: £1,529.70
N.I. Paid: £887.48
Total (Net) Pay: £10,382.82
Monthly:
Gross Income: £1,066.67
Tax-Free Allowance: £395.42
Taxable Amount: £671.25
Tax Paid: £127.48
N.I. Paid: £73.96
Total (Net) Pay: £865.24
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Sims
Member
Registered: 15th Aug 03
Location: Bath/Bristol area Drove: 1994 Corsa SRi Now: VTR
User status: Offline
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hmm if this is all right. i feel i am owed alot of tax money. I work 20 hours a week at safeway at £4.94 and i get paid weekly. Sometimes i work 39 hours when i get the chance. and i'm sure i get taxed 10%. But in the full year i might only earn £5600 of which £885 is taxable. so the total i would get taxed in the year would be £85.50. But in one week i got taxed roughly £20.
I know its not a big deal but i hate work screwing me out of money. Especially when they cock my hours up.
Rant over 
[Edited on 16-06-2004 by Sims]
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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quote:
Originally posted by Sims
hmm if this is all right. i feel i am owed alot of tax money. I work 20 hours a week at safeway at £4.94 and i get paid weekly. Sometimes i work 39 hours when i get the chance. and i'm sure i get taxed 10%. But in the full year i might only earn £5600 of which £885 is taxable. so the total i would get taxed in the year would be £85.50. But in one week i got taxed roughly £20.
I know its not a big deal but i hate work screwing me out of money. Especially when they cock my hours up.
Rant over
[Edited on 16-06-2004 by Sims]
On an annual salary of £5,600, weekly tax should be £1.64 and weekly N.I. should be £1.84.
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Sims
Member
Registered: 15th Aug 03
Location: Bath/Bristol area Drove: 1994 Corsa SRi Now: VTR
User status: Offline
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ahh right. jsut trying to find last years last payslip
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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Although bear in mind, if you work it out at 39 hours a week for the year, then your salary will be closer to £10,000......meaning your tax-payment will be just under £20 for a week.
Tax-calculations don't take into account that you may only work 13 weeks out of 52 - that's why you'd claim it back at the end of the tax year.
[Edited on 16/06/2004 by Dan B]
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Sims
Member
Registered: 15th Aug 03
Location: Bath/Bristol area Drove: 1994 Corsa SRi Now: VTR
User status: Offline
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i see. thats why i am trying to find my gross tax for last year
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Meat-Pie-SRI
Member
Registered: 10th Apr 02
Location: Berkhamsted, Drives Mk4 R32
User status: Offline
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Welsh SXI, stop fcuking moaning!! I have over £690 a month come out of my pay cheque for taxes, N.I etc!
some people have it far worse than you!
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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quote:
Originally posted by Meat-Pie-SRI
Welsh SXI, stop fcuking moaning!! I have over £690 a month come out of my pay cheque for taxes, N.I etc!
some people have it far worse than you!
Annual salary pretty much dead on £30,550, for a total (edit: monthly) deduction (tax & N.I.) of £690.
I think I'm bored, does it show? 
[Edited on 16/06/2004 by Dan B]
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