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Author Tax and NI?
Happy_2008
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Registered: 13th Mar 01
Location: Kent
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11th Jan 05 at 21:20   View User's Profile U2U Member Reply With Quote
Hi guys, my friend is currently on 11k a year. I was asked how much he would earn after taxed and National insurance???

I have no idea on the tax band etc.
cargraphics4u.com
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Registered: 4th Feb 04
Location: Tonbridge, Kent Drives : J7 00RSA
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11th Jan 05 at 21:29   View User's Profile U2U Member Reply With Quote
10% on everything after 4,615
Happy_2008
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Registered: 13th Mar 01
Location: Kent
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11th Jan 05 at 21:30   View User's Profile U2U Member Reply With Quote
But some reason another one of my frens said 23%
Laura_1.416v
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Registered: 26th Nov 04
Location: North Yorkshire
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11th Jan 05 at 21:47   View User's Profile U2U Member Reply With Quote
10% on first 1900 I think, then 23% on everything over that. 11k a year is 916 a month before tax & NI, looking at £750-800 take home, cant be arsed to work it out any closer than that at the mo tho.
Laura_1.416v
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Registered: 26th Nov 04
Location: North Yorkshire
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11th Jan 05 at 21:48   View User's Profile U2U Member Reply With Quote
thats after the 4615 which you dont pay anything on
Tim
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Registered: 21st Apr 00
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11th Jan 05 at 21:50   View Garage View User's Profile U2U Member Reply With Quote
First £4615 is free, next £2020 is 10%, 2021-31400 is 22%, and over is 40%...

National insurance is fixed rates depending on total earnings...

He'd take home £9022 after tax and NI (£751.83 a month)
Tim
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Registered: 21st Apr 00
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11th Jan 05 at 21:51   View Garage View User's Profile U2U Member Reply With Quote
PS: I'm not tragically sad, I just have a tax calculator
Happy_2008
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Registered: 13th Mar 01
Location: Kent
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11th Jan 05 at 23:00   View User's Profile U2U Member Reply With Quote
Cheers Tim
Neshol
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Registered: 10th Jul 02
Location: Midlands
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11th Jan 05 at 23:13   View User's Profile U2U Member Reply With Quote
Wouldn't it be 6635-31400 then
bradfincham
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Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
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11th Jan 05 at 23:19   View User's Profile U2U Member Reply With Quote
my uncle is owns a haulage company and takes home £250,000 + imagine what that would be if had to pay no tax etc!

 
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