Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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also a link in the above for NI and a number of other things
p.s sorry to everone for me being a twat earlier
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by Dave
I also asked this question to the company wages clerk when I was an employee, she confirmed what that link says.
Although that was a few years ago and things might have changed, but i don't think so.
[Edited on 22-02-2012 by Dave]
Apologies, you are correct, I just knocked up a spreadsheet and proved myself wrong 
Ben G - panic over, you don't pay any tax at 40%
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by Dave
But you were wrong, you don't start being deducted tax at 40% until you earn £35k over your standard personal allowance of £7475. So if your total pay for the year is £37k you stay in the 20% band, if you earn £42500 you will pay 40% on the last £25.
fucking finally, cheers dave.
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spencer88
Member
Registered: 6th Oct 08
Location: cornwall
User status: Offline
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quote:
Originally posted by liam-corsa-1400
quote:
Originally posted by spencer88
quote:
Originally posted by liam-corsa-1400
quote:
Originally posted by spencer88
quote:
Originally posted by liam-corsa-1400
job title civil servant in area's of tax credits, SA, tax's
and no spencer mate we get people like you from the privet sector to do that for us 
Privet sector?
I do not work in a type of shrub sector.
I work in the private sector.
Please note how your job title has 'servant' within it, now back to work slave boy.
lmao anyone who works in any area of the government has a title as a civil servant no matter what place you are this is why private sectors are trying to get into the public sector better benafits more pay better place to work oh and better job title 
You are fucking kidding right!
Was it not the public sector crying like babies because they had their pension cut?
More pay? Doubt it.
Better place to work? Doubt it.
Better job title? No way. Development Surveyor sounds better than civil servant in areas of tax credits.
hahahah
Was it not the public sector crying like babies because they had their pension cut? both actualy mate haha it effects both private and public if you check thats why there are 90% of private unions involved
More pay? Doubt it. = answer: yes check the band's for private and public sector pay
Better place to work? Doubt it.= answer yes
Better job title? No way. Development Surveyor sounds better than civil servant in areas of tax credits thats why a development surveyor can claim tax credits in most areas but most civil servants can't
at the end of the day a job is a job ether way id have your job my job or any job that keeps me earning money and from claiming tax on the dole
sorry if i have offended you i mite be making my self out to be a twat on hear thats just due to the fact that i feel like being a twat as that is how everyone one ells is acting
Does not affect me, not part of any private union.
Pay: Private company I work for is not banded pay  and it is better pay than local public sector.
Better place to work: Yes. I can come and go as I please, no deductions of pay, we get lunch bought for us occasionally, work in a nice modern office in a lovely setting with regular pay rises.
Who can claim tax credits? I can't!
Your last point I agree with.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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quote:
Originally posted by Sam
potentially I can pay myself through salary and dividends, £37k and not pay a penny in income or dividend tax
The company would have paid corporation tax on the profit who precludes the dividend payment would it not?
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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quote:
Originally posted by Ben G
i predict a u2u to ian, followed by moderating the fuck out of this thread
If you predict it's going to cause me work, why carry on?
That goes for everyone being a righteous cunt today.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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because thats exactly the type of character he seems
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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also if you look back, i made 3 posts after that comment. 1 explaining what i meant, 1 a smiley and 1 thanking dave for the straight and correct answer.
i wouldn't say i was carrying it on.
[Edited on 22-02-2012 by Ben G]
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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To complain to me because a load of wise ass cunts are stroking the internet egos?
I'd have spotted it myself anyway, like a gang of children who have hit puberty slightly earlier.
I assume your guesswork also extends to the content of the message? Would it surprise you to learn that his major concern was that I don't think badly of him for him remaining in the thread?
At no time has he called anyone a righteous cunt, unlike me who just did in the plural.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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quote:
Originally posted by Ben G
i wouldn't say i was carrying it on.
I didn't intend to suggest it was down to any one person.
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emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
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quote:
Originally posted by liam-corsa-1400
quote:
Originally posted by emicen
quote:
Originally posted by liam-corsa-1400
£34,371 - £150,000 this is the 40% tax band
p.s i work for HMRC
[Edited on 21-02-2012 by liam-corsa-1400]
Congratulations, you are roughly the standard one has come to expect from HMRC 
From your own website:
http://www.hmrc.gov.uk/rates/it.htm
Tax free:
£7475
20%:
£0-35000 ie you pay 20% on earnings between £7476 and £42475
40%:
£35001-£150000 ie 40% on earnings between £42476 and £157475
£34371 comes in to play in the 2012-2013 tax year.
well just for you mate
2009-2010 tax band was
basic rate 20% £1 - £37,400
higher rate 40% £37,400+
2010-2011 tax band
basic rate 20% £1 - £37,400
higher rate 40% £37,401 - £150,000
additional rate 50% £150,001+
2011-2012 tax band
basic rate 20% £1 - £35,000
higher rate 40% £35,001 - £150,000
additional rate 50% £150,001+
and 2012-2013
basic rate 20% £1 - £34,370
higher rate 40% £34,371 - £150,000
additional rate 50% £150,001+
that info just for you
What are you talking about, just for me. I've already shown you dont know wtf you are talking about so you reprint it from the link to reiterate that fact?
Its not 2012-2013 yet, so once again, you were talking bollocks regarding banding and allowances.
quote:
Originally posted by liam-corsa-1400
yes mate you do as said if you earn 36k you will pay 35k at 20% and 1k at 40%
No, they will not
Brilliant self ownership btw
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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thank god for emicen if id have seen this earlier i could have saved you 8 pages of what i assume to be drivel and willywaving
people wonder why HMRC have such a bad rep and that is exactly why - their own staff dont even know how to calculate tax brackets... personal allowance THEN the bandings you thick anus
[Edited on 22-02-2012 by Robbo]
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i said that on the first page and everyone said i was wrong
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CORSA NUT
Member
Registered: 3rd Aug 01
Location: Wirral
User status: Offline
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Anywayyyyyyy
What's this extra thing you have to do if you earn above 100K? Just like an extra form?
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by Ian
quote:
Originally posted by Sam
potentially I can pay myself through salary and dividends, £37k and not pay a penny in income or dividend tax
The company would have paid corporation tax on the profit who precludes the dividend payment would it not?
Yeah, for me to achieve the above the company would need to make a gross profit of £45k, of which about £7k is corporation tax and the rest obviously my salary and dividends. (these are rough calculations BTW).
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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Paul_J you really need to get a girlfriend ffs or start sleeping with her.
Spencer willy waving
Liam, at least get the amounts correct, i imagine you are quite new to the job that's why you have a misunderstanding of the amounts tax is paid on.
I feel sorry for you tbh, the abuse you've got for trying to help is out of order
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by Bart
that is really shit.
I always thought it was much closer to 40k.
Im very nearly on the 40% bracket, I bet it wont be long until it creeps down and I fall inside that bracket. Will be better of taking a pay cut ffs.
As mentioned earlier, people who think that getting into the 40% tax band means you pay 40% on all income should not be in a position to earn over or around 42k.
The number of times i have to tell people about that is ridiculous
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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quote:
Originally posted by strick206
Paul_J you really need to get a girlfriend ffs or start sleeping with her.
Spencer willy waving
Liam, at least get the amounts correct, i imagine you are quite new to the job that's why you have a misunderstanding of the amounts tax is paid on.
I feel sorry for you tbh, the abuse you've got for trying to help is out of order
only worked hear a year but in that time iv been moved through 3-4 departments to handle peak times like currantly doing self assesment for people who have done theres late or who shouldnt be in self assesment next ment to be going ether back to tax credits or to child benafits for there peaks
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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That's a good thing though surely, more experience in a wider range of jobs to help you move up the ladder?
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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what did paul j do to warrant needing a girlfriend?
also mwg, didn't receive my wage slip yesterday as ''the printer broke''. typical HR bullshit excuse, but checked my bank and can confirm it was taxed the normal 22-23%
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by Ben G
what did paul j do to warrant needing a girlfriend?
Constant correct of spelling and showing he clearly has too much time on his hands, such as coming out with the hear and here comments 10 minutes after you already had and then carrying it on into other things like god and good, exception etc, just being a cunt basically
Tbh it's also alongside the constant refreshing of a certain member profile on here to see what they are up to, to me i think he needs a girlfriend, or maybe you could help and fuck him yourself?
[Edited on 23-02-2012 by strick206]
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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calm down big man, i'm sure he was just messing about, as was I.
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by Ben G
calm down big man, i'm sure he was just messing about, as was I.
i'm perfectly calm, just think he was being a cunt, and felt a little sorry for the geezer getting all the abuse
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by CORSA NUT
Anywayyyyyyy
What's this extra thing you have to do if you earn above 100K? Just like an extra form?
nothing how much you earn ahs niothing whatsoever to do with wghether you have to fill out a tax return
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by Robbo
quote:
Originally posted by CORSA NUT
Anywayyyyyyy
What's this extra thing you have to do if you earn above 100K? Just like an extra form?
nothing how much you earn ahs niothing whatsoever to do with wghether you have to fill out a tax return
Actually it does. If you earn over 100k, even PAYE, you have to fill out a tax return.
http://www.hmrc.gov.uk/sa/need-tax-return.htm
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