Quizzes & Puzzles0 min ago
How much tax should i be payin ?
4 Answers
k i get about £1000 a month (student here) i get £150 taken for "non contracted-out NIC" <-- whats that btw ? i know personal allowence should be up to 6000ish but ive been paying that 150 every month is it tax or what ? ragin :P
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To start, NIC is National Insurance Contributions.
Check your payslip to confirm what tax code they have applied for you.
(Is it just seasonal work youll be doing, and a student for the rest of the year?)
I figure you should be paying approx £52 NIC and approx £95 income tax (if on base rate 20%), and thats based on an income of £1000. so check your payslip!
Check your payslip to confirm what tax code they have applied for you.
(Is it just seasonal work youll be doing, and a student for the rest of the year?)
I figure you should be paying approx £52 NIC and approx £95 income tax (if on base rate 20%), and thats based on an income of £1000. so check your payslip!
Im on placement, about to go back to uni full time.. i started End of june(29th)/start july) last year so 8 months before april(being the end of the phiscal year) so £8,000.. and august end since then so 5 months £5,000..
with 150 taken out every month .. so shouldnt i get tax rebate given that personal allowence is around £6000 per phiscal year ?
with 150 taken out every month .. so shouldnt i get tax rebate given that personal allowence is around £6000 per phiscal year ?
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