Another income tax question
24 June 2007, 09:32 AM
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Another income tax question
Looks like I'm changing jobs. Just finalising the details.
Can anyone advise about imcome tax.
For arguments sake lets say I'll be earning a basic salary of £40,000, will be contributing 8% to a pension and will have a company car valued at £20,000 with a CO2/emissions tax cost to me of about £140/month.
What will my take home be? All I can find are simple websites like i-resign for calculating tax, but these don't take into account the car, pension etc.
Confussed now
Can anyone advise about imcome tax.
For arguments sake lets say I'll be earning a basic salary of £40,000, will be contributing 8% to a pension and will have a company car valued at £20,000 with a CO2/emissions tax cost to me of about £140/month.
What will my take home be? All I can find are simple websites like i-resign for calculating tax, but these don't take into account the car, pension etc.
Confussed now
24 June 2007, 09:40 AM
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Free UK PAYE Tax calculator 2007. Updated for 2007 budget announcements
Work out what your tax code will be. Don't forget to add higher rate relief for pension contributions if appropriate.
Work out what your tax code will be. Don't forget to add higher rate relief for pension contributions if appropriate.
Thanks for the help.
25 June 2007, 02:11 PM
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What will my take home be?
All the tax rules are on the web. Excel & Google are all you need. I'm amazed how many people have absolute faith that their company is calculating all this on their behalf with 100% accuracy.
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