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Author Tax Day PAYE
carl123uk
Member
Registered: 24th Oct 05
Location: Nuneaton
User status: Offline
21st Nov 11 at 10:33   View User's Profile U2U Member Reply With Quote
started my new job in august and i had a p60 so i started on a tax code. this financial year i have earned less than £6k so under the limit so far. i have paid NI since i started but have paid no tax.

is this right?
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
21st Nov 11 at 10:44   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by carl123uk
started my new job in august and i had a p60 so i started on a tax code. this financial year i have earned less than £6k so under the limit so far. i have paid NI since i started but have paid no tax.

is this right?


Its a bit of a stringy question without knowing actual numbers.

However, earnings over something like 110 quid a week will be NI'd. The current NI threshold is lower than the income tax one so possible it is correct.
VegasPhil
Premium Member

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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
21st Nov 11 at 10:46   View Garage View User's Profile U2U Member Reply With Quote
Some good calculators on MSE and their forums are decent too.

Corsa 2.0 16v Vegas - Sold
dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
21st Nov 11 at 14:03   View User's Profile U2U Member Reply With Quote
Always use this: http://listentotaxman.com/
Kerry
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Registered: 5th Oct 01
Location: Norwich
User status: Offline
21st Nov 11 at 14:05   View User's Profile U2U Member Reply With Quote
Are you querying paying NI?
Because no matter what I would always try and contribute to that. If you dont then your not entitled to a pension come retirement!
dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
21st Nov 11 at 14:15   View User's Profile U2U Member Reply With Quote
If he's my age (23) he won't be getting one anyway
Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
21st Nov 11 at 15:00   View User's Profile U2U Member Reply With Quote
Fo sho, state pension = dead/dying/shite
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
21st Nov 11 at 15:05   View User's Profile U2U Member Reply With Quote
in that case sort a private one!
LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
21st Nov 11 at 15:07   View User's Profile U2U Member Reply With Quote
always handy to keep NI payments up in case you ever end up out of work, if the ni payments are down you cant claim any kind of benefit or help.
carl123uk
Member
Registered: 24th Oct 05
Location: Nuneaton
User status: Offline
21st Nov 11 at 15:10   View User's Profile U2U Member Reply With Quote
i'm questioning why i haven't started paying any tax on my earnings yet.

since august i have been payed about £4k
LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
21st Nov 11 at 15:14   View User's Profile U2U Member Reply With Quote
it depends what youre earning. i think on paye its worked out as weekly pay * 52 - allowance and then an annual tax which is then taken off. if you get me?
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
21st Nov 11 at 15:16   View User's Profile U2U Member Reply With Quote
if your going to earn less than £7400 (approx) then you wont pay any tax
Toby
Premium Member

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Registered: 29th Nov 05
User status: Offline
21st Nov 11 at 16:59   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Kerry
if your going to earn less than £7400 (approx) then you wont pay any tax


Yeah, anything under £7470 unless youi have any other taxable benefits

 
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