tax question

mo9204 · 6 Feb 2013 at 20:18

i got letter telling me my tax code is changed.

it says you could get about xxxx amount in month before your employer deduct tax.

for example if the amount of allowance is £1000 per month, and i earn £1100 for a month. would the £100 extra liable for tax or all of the £1100.

PriceEddie · 6 Feb 2013 at 20:19

Your '1000' personal allowance is the amount not susceptible to tax, it's ususally in the region of £8100. Your earnings, once the allowance is subtracted, will be taxed.

Also have a wander around this. Gives more detail.

-westy- · 6 Feb 2013 at 20:29

mo9204 said:
i got letter telling me my tax code is changed.

it says you could get about xxxx amount in month before your employer deduct tax.

for example if the amount of allowance is £1000 per month, and i earn £1100 for a month. would the £100 extra liable for tax or all of the £1100.

In this case, only the £100 "extra" would be liable for tax.

mo9204 · 6 Feb 2013 at 20:29

PriceEddie said:
Your '1000' personal allowance is the amount not susceptible to tax, it's ususally in the region of £8100. Your earnings, once the allowance is subtracted, will be taxed.

Also have a wonder around this. Gives more detail.

apologies

if my personal allowance is 11000 for the year, that is £916 per month before tax is deducted. and i earned £1016 for that month, what would get tax?

[TW]Fox · 6 Feb 2013 at 20:31

mo9204 said:
apologies

if my personal allowance is 11000 for the year, that is £916 per month before tax is deducted. and i earned £1016 for that month, what would get tax?

Yes, you would.

aln · 6 Feb 2013 at 20:31

mo9204 said:
apologies

if my personal allowance is 11000 for the year, that is £916 per month before tax is deducted. and i earned £1016 for that month, what would get tax?

£100. Presumably ~20%.

PriceEddie · 6 Feb 2013 at 20:33

^ This.

mo9204 said:
apologies

if my personal allowance is 11000 for the year, that is £916 per month before tax is deducted. and i earned £1016 for that month, what would get tax?

Nothing to apologise for. I have just in the last few days been asking my family the very same questions!

troops · 7 Feb 2013 at 21:52

Dont forget National insurance tho, pretty sure thats deducted before tax ie gross.

-westy- · 7 Feb 2013 at 22:05

This site will break down your earnings for you, so you can be clear as to how much you'll be paying in tax and NI.

http://www.thesalarycalculator.co.uk/

Destination · 7 Feb 2013 at 22:07

How do you get a higher than norm personal allowance?

mo9204 · 7 Feb 2013 at 22:11

Hikari Kisugi said:
How do you get a higher than norm personal allowance?

by claiming expenses towards work like fuel, you can claim up £2500

they will add that to your current allowance.