A question for the educated......
08 August 2006, 02:33 PM
#1
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A question for the educated......
I look to be getting an extra £260 in my wages this month. Can anyone figure out roughly what tax I will pay on that amount?
Cheers in advance!!
Cheers in advance!!
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08 August 2006, 02:41 PM
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Plus 11% National Insurance if income's below about £30K or 1% if it's above.
So, so far the deduction could be anything from 0% to 41%
So, so far the deduction could be anything from 0% to 41%
08 August 2006, 02:44 PM
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Take a look at this link :-
http://www.itaccounting.co.uk/common...s/payroll.html
You enter your Gross pay and tax code in the boxes and it tells you your
ammount of PAYE tax and NI plus your final net salary
Hope it helps
Mark
http://www.itaccounting.co.uk/common...s/payroll.html
You enter your Gross pay and tax code in the boxes and it tells you your
ammount of PAYE tax and NI plus your final net salary
Hope it helps
Mark
08 August 2006, 02:54 PM
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Originally Posted by jasey
In summary - somewhere between £0 and £260 .
.
If max tax percentage including NIC is 41% that would be anything between £0 and £106.60 in tax per month.
Last edited by Diablo; 08 August 2006 at 02:57 PM.
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