10p tax rate loss

Gaspode

Gaspode

Gaspode

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Joined
24 Jun 2003
Posts
1,329
Location
Newcastle
just had my first query about this when a part time staff member who has ended up with a net loss of £4.00 when compared to March pay.

this is despite of a payrise of 2.3% and an increase to the personal tax code of 21 points.

she didn't mention tax credits but I hope she does get them to make up or her loss.
 
Whilst I am better off I think this ranks as one of the single most stupid uniformed ill thought out dumbass ideas the Government has ever had. Sure they have made a lot but this is the mother of all bad ideas.

Hey lets punish the poor and make the rich richer. Great!

Where's my megarolleyes?
 
LordSplodge said:
Whilst I am better off I think this ranks as one of the single most stupid uniformed ill thought out dumbass ideas the Government has ever had. Sure they have made a lot but this is the mother of all bad ideas.

Hey lets punish the poor and make the rich richer. Great!

Where's my megarolleyes?
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Agreed. I think i'm over £100 worse off per year but let's face it because i havent signed up to a ridiculous mortgage, dont own a house, dont have kids, am under 25, am not on benefits etc.. i'm going to get jack**** from the government. It's utterly moronic.
 
I still don't get why you have to be over 25 for Working Tax Credit. I'm 20 and have a mortgage to pay. My partner is doing A levels and only works part time so we've not exactly loaded. She's not lost ~£30 p/w to extra tax and, until the summer, I'm down around £60 p/m. Council tax has just gone up again, as have a lot of the other bills. Luckily we've got a fixed rate mortgage or that'd have gone up too. I'm not wanting to sponge off of the system, I just don't understand why someone 5 years older than me in the exact same situation gets help?
 
Cyanide said:
I still don't get why you have to be over 25 for Working Tax Credit. I'm 20 and have a mortgage to pay. My partner is doing A levels and only works part time so we've not exactly loaded. She's not lost ~£30 p/w to extra tax and, until the summer, I'm down around £60 p/m. Council tax has just gone up again, as have a lot of the other bills. Luckily we've got a fixed rate mortgage or that'd have gone up too. I'm not wanting to sponge off of the system, I just don't understand why someone 5 years older than me in the exact same situation gets help?
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You need children too.
 
XPE said:
Would you after 12 year of this labour goverment?
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No but after 3 terms of Tory I wouldn't have wanted them in again either.

Labour don't stand a chance in the next one, just about everyone I know who voted or supported labour wouldn't vote them in again.

Unless they are easily fooled by saving a huge lump up for a massive cut 6 months before an election.

This time I'd rather vote Bin Laden than Brown.
 
Biohazard said:
You need children too.
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You can get tax credits without children. Not all workers are eligible - eg. you need to work 30 hours a week or more etc.

More to the point, why should people have to claim the awful tax credits - it would make rather more sense just to tax us less in the first place wouldn't it.
 
hargi said:
dose this apply to the total pay or just the pay you get taxed on?
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You get taxed on your entire salary.

Its just that the first £5XXX or so is effectively taxed at 0%.

In short, if you earn under £18,500 a year and have no children you'll be worse off under the new tax rules.

I get about an extra £25 a month due to new rules so I ain't complaining!
 
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