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Tax Payment On £12,000 Salary
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I'm starting a new job (apprenticeship) in September with a starting salary of £12,000. What sort of Tax would I pay on that? Thanks
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http:// www.inc ometaxc alculat or.org. uk/?yr= 2016&am p;age=0 &ti me=1&am p;ingr= 12000#
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Assuming that you've got no other taxable income, you'd pay hardly any Income Tax.
The first £10600 of income in a year is free of tax. So you'd only pay tax on £1400 (at 20%). So that's £280 tax to be paid across the year, which is equivalent to about £5.38 per week or £23.33 per month.
However you'd also have to pay National Insurance (which is just a tax under a different name). Expect to pay about £9.09 per week or £39.40 per month.
A useful tool:
http:// www.the salaryc alculat or.co.u k/
The first £10600 of income in a year is free of tax. So you'd only pay tax on £1400 (at 20%). So that's £280 tax to be paid across the year, which is equivalent to about £5.38 per week or £23.33 per month.
However you'd also have to pay National Insurance (which is just a tax under a different name). Expect to pay about £9.09 per week or £39.40 per month.
A useful tool:
http://