Tax Threshold

[lady_p_gold]

Can anyone tell me the tax threshold for a single person these days. I am trying to work out if it might be the same to work part time and pay little or no tax or full time on a low wage but paying tax. Thanks in advance

[tellboy]

�4895 then you start on a scale 10% upwards

read

http://www.hmrc.gov.uk/rates/it.htm

[tellboy]

Sorry that link may need to start at the home page

http://www.hmrc.gov.uk/home.htm

[tellboy]

That link may be no good either here it is

Personal allowance 4 895

Taxable Bands Allowances 2005-06 (�)
Starting rate 10% 0 - 2,090
Basic rate 22% 2,090 - 32,400
Higher rate 40% over 32,400

[jedimistress]

You can earn �94.13 per week without paying tax. Then it is taxed on everything you earn over that amount. Best to earn over about �77 per week so are credited with National Insurance Contributions, though you pay none from your pay packet. You will pay some NI on anything over about �90, yet still credited with contributions if between �77 and �90 odd. This is to help low earners earn their state pension.

[lebesset]

the allowance is more if you are over 65

[brachiopod]

tellboy 's link was fine - just take off the " </p> " that appears at the end of the address.

www.hmrc.gov.uk/rates/it.htm</p> <--- remove this bit in your address pane.