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Author new tax or whatever
bigdan
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Registered: 4th Jan 07
Location: Jarrow (Newcastle)
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7th Apr 08 at 18:04   View User's Profile U2U Member Reply With Quote
if i earn £520 a month how much tax will i be paying ?
DannyB
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Registered: 6th Feb 08
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7th Apr 08 at 18:07   View Garage View User's Profile U2U Member Reply With Quote
What tax code?
bigdan
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Registered: 4th Jan 07
Location: Jarrow (Newcastle)
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7th Apr 08 at 18:08   View User's Profile U2U Member Reply With Quote
will it say it on my payslip ?
Timbaland
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7th Apr 08 at 18:09   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by bigdan
will it say it on my payslip ?


Yeah mate.

USUALLY above net earnings.
DannyB
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7th Apr 08 at 18:10   View Garage View User's Profile U2U Member Reply With Quote
If your on emergency tax it will be more, is it a new job?did you hand in your p45 to new employees?
bigdan
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Registered: 4th Jan 07
Location: Jarrow (Newcastle)
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7th Apr 08 at 18:10   View User's Profile U2U Member Reply With Quote
522L
DannyB
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7th Apr 08 at 18:11   View Garage View User's Profile U2U Member Reply With Quote
Thats emergency tax code, expect to be payin a fair bit more.
bigdan
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Registered: 4th Jan 07
Location: Jarrow (Newcastle)
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7th Apr 08 at 18:13   View User's Profile U2U Member Reply With Quote
so ya know how the goverment have done away with the lowest tax rate, does that mean i will get about 1/3 taken off for tax now ?
DannyB
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7th Apr 08 at 18:15   View Garage View User's Profile U2U Member Reply With Quote
best thing to do mate is speak to you employee and sort it out, not too sure about much more
Timbaland
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7th Apr 08 at 18:16   View User's Profile U2U Member Reply With Quote
Yeah, you will loose a good bit on emergency tax but you get it back. Just not very convenient.
bigdan
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Registered: 4th Jan 07
Location: Jarrow (Newcastle)
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7th Apr 08 at 18:17   View User's Profile U2U Member Reply With Quote
oh well i aint lost anything on my tax on my last pay slip as it was 1st payday and at the end of the tax year. hopfully its sorted for neext month
DannyB
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7th Apr 08 at 18:19   View Garage View User's Profile U2U Member Reply With Quote
Yeah like timbaland said if your on emergency tax for a few weeks/months you can claim it back anyway, so you'll get a decent amount back in one.
Timbaland
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7th Apr 08 at 18:23   View User's Profile U2U Member Reply With Quote
Just dont do what i done and forget about it and get taxed for 2 and 1/2 years on emergency tax.

Saying that, £2800 is a nice gift lol.


Edit: Just checked, it was £2200, I always thought it was closer to 3k.

[Edited on 07-04-2008 by Timbaland]
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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7th Apr 08 at 18:24   View User's Profile U2U Member Reply With Quote
Your employer isnt/shouldnt allow you to be on an emergency code for such a long time tbh.
Timbaland
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7th Apr 08 at 18:28   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
Your employer isnt/shouldnt allow you to be on an emergency code for such a long time tbh.


Apparently when they realised it they said its my issue.

I got my money and thats all i was intrested in really, but still inconvienient none the less.
Rob B
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Registered: 8th Jan 04
Location: Area Motorsport Drives: Race EP3
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7th Apr 08 at 18:38   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by red_top
Thats emergency tax code, expect to be payin a fair bit more.


no its not 489L has now changed to 522L.
LeeM
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Registered: 26th Sep 05
Location: Liverpool
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7th Apr 08 at 18:38   View User's Profile U2U Member Reply With Quote
522l is emergancy? i thought it meant u could earn £5220 before tax...
Rob B
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Registered: 8th Jan 04
Location: Area Motorsport Drives: Race EP3
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7th Apr 08 at 18:40   View User's Profile U2U Member Reply With Quote
522L isnt emergency !!
LeeM
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Registered: 26th Sep 05
Location: Liverpool
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7th Apr 08 at 18:41   View User's Profile U2U Member Reply With Quote
im on 522l and paid about £240 in tax on £1100
is that too much?
Rob B
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Registered: 8th Jan 04
Location: Area Motorsport Drives: Race EP3
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7th Apr 08 at 18:42   View User's Profile U2U Member Reply With Quote
no normal.
LeeM
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Registered: 26th Sep 05
Location: Liverpool
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7th Apr 08 at 18:42   View User's Profile U2U Member Reply With Quote
well tax and ni actually
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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7th Apr 08 at 18:57   View User's Profile U2U Member Reply With Quote
http://www.listentotaxman.com/

 
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