Am I getting Taxed too much
01 May 2008, 05:57 PM
#1
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Am I getting Taxed too much
I get paid weekly and got a good wage this week of £XXX. After tax and national insurance i only recieved £XXX! does this seem right?
Last edited by Jamz3k; 01 May 2008 at 06:23 PM. Reason: question answered don't need to have my wage up anymore
01 May 2008, 06:23 PM
#4
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You have lost 38% of you wage through deductions - my total deductions come to 26% of my wage, so i say you're getting stung 
I would say based on my figures, you should have seen £537 or there abouts
I would say based on my figures, you should have seen £537 or there abouts
01 May 2008, 06:33 PM
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01 May 2008, 11:06 PM
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01 May 2008, 11:20 PM
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01 May 2008, 11:26 PM
#12
Once you start paying basic income tax rate, you are having about 38% of your money removed from the payroll your employer has set aside to pay you with.
Seems rather a lot really.
This calculation does not differentiate between income tax, NI employers or NI employees - well why would you?
Seems rather a lot really.
This calculation does not differentiate between income tax, NI employers or NI employees - well why would you?
01 May 2008, 11:31 PM
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01 May 2008, 11:43 PM
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