Quick Question about tax?

salami1212 · 31 Oct 2009 at 13:43

Ok, well ill be earning 283 before tax.. but this is the first amount of money ive earned all year. Im out of full time education now so im not sure, will I get taxed on my earnings or do I have to earn a certain amount that year before I get taxed? Cheers

J.B · 31 Oct 2009 at 13:46

You wont have to pay tax on that as you will have your personal allowance for the year.

touch · 31 Oct 2009 at 13:53

The limit before you start getting taxed is something like 4-5000.
Make sure you let your employer know and show them your p45 from your last job if you have one - otherwise you might get taxed at the normal rate and have to claim it back later.

Vonhelmet · 31 Oct 2009 at 14:30

Fill out a P46 and it should all be good.

Personal allowance is £6,435 for the year, so you won't be close to that for a while.

Just make sure to do the P46 thing or they might put you on a BR tax code and deduct 20% tax and 11% NIC.

Johnny Girth · 31 Oct 2009 at 16:22

286 a week?

You'll be paying NICs at 11% on the amount earned over the lower threshold.

Snax · 31 Oct 2009 at 16:40

vonhelmet said:
Fill out a P46 and it should all be good.

Personal allowance is £6,435 for the year, so you won't be close to that for a while.

Just make sure to do the P46 thing or they might put you on a BR tax code and deduct 20% tax and 11% NIC.

The man speaketh the trust

The OP does need to clarify what the 283 is: monthly, weekly, daily salary?

Ste99 · 31 Oct 2009 at 18:02

The PA is currently £6,475

mollymoo · 31 Oct 2009 at 18:06

Snax said:
The man speaketh the trust

The OP does need to clarify what the 283 is: monthly, weekly, daily salary?

Would be a good idea really.

Vonhelmet · 31 Oct 2009 at 22:45

Ste99 said:
The PA is currently £6,475

Whoops. It was £6,035 last year, that's what I'm muddling it up with.

salami1212 · 1 Nov 2009 at 23:05

its a weekly £283 wage..