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Author Topic: Tax and NI deductions from today  (Read 1345 times)

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Mysteryman

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Tax and NI deductions from today
« on: 05 April 2011, 13:57:41 »
If anyone is wondering what difference the new tax/NI rates will do to your take-home pay, have alook here:

http://www.uktaxcalculators.co.uk/

It's really simple to use and I found it very useful........

......eventhough we will be worse off..... :(



....by £113 a month.... :( :(
« Last Edit: 05 April 2011, 14:03:21 by Mysteryman »
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Lazydocker

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Re: Tax and NI deductions from today
« Reply #1 on: 05 April 2011, 14:55:27 »
Wehey... Just an estimation of my earnings but I'll be £1.33/week better off :y :y :y

And SWMBO will be nearly £20/month better off on a flat month :y :y
« Last Edit: 05 April 2011, 14:58:33 by Lazydocker »
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aaronjb

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Re: Tax and NI deductions from today
« Reply #2 on: 05 April 2011, 15:37:47 »
£62/month worse off, apparently.


Yay.
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Richie London

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Re: Tax and NI deductions from today
« Reply #3 on: 05 April 2011, 15:48:49 »
i'm better off self employed.  all the tax i paid this tax yr will be in my account by next friday. tax return will be in by this friday. nice sum to come back this yr. get the mig back on the rd now. :)
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Bixy1

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Re: Tax and NI deductions from today
« Reply #4 on: 05 April 2011, 15:58:50 »
Wish I had'nt done that.....£34.36 worse off......Oh Poo! :'(
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mantahatch

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Re: Tax and NI deductions from today
« Reply #5 on: 05 April 2011, 18:13:03 »
For all you who are worse off, you must be earning a fair bit.

I thought my salary was rather good, but I end up better off, and so does the wife.
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Taxi_Driver

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Re: Tax and NI deductions from today
« Reply #6 on: 05 April 2011, 18:31:30 »
I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid.

I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out... :-/
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Mysteryman

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Re: Tax and NI deductions from today
« Reply #7 on: 05 April 2011, 18:33:23 »
Quote
I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid.

I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out... :-/

It deffo works for PAYE. Self employed is more complicated, I reckon.
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Taxi_Driver

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Re: Tax and NI deductions from today
« Reply #8 on: 05 April 2011, 18:40:51 »
Quote
Quote
I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid.

I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out... :-/

It deffo works for PAYE. Self employed is more complicated, I reckon.

I did tick the self employed box ..... i wont worry bout it....reminds me...i need to get a new mattress for my bed, the current one is getting a bit lumpy in places  ::) ;D
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Mysteryman

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Re: Tax and NI deductions from today
« Reply #9 on: 07 April 2011, 18:47:51 »
Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
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Re: Tax and NI deductions from today
« Reply #10 on: 07 April 2011, 19:13:40 »
Quote
Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
plonker rodney.
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Mysteryman

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Re: Tax and NI deductions from today
« Reply #11 on: 07 April 2011, 19:14:38 »
Quote
Quote
Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
plonker rodney.


Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.
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Richie London

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Re: Tax and NI deductions from today
« Reply #12 on: 07 April 2011, 19:27:14 »
Quote
Quote
Quote
Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
plonker rodney.


Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.

minw was on my tax return yesterday but i dint take notice of it. i think it was 7k something.
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Mysteryman

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Re: Tax and NI deductions from today
« Reply #13 on: 07 April 2011, 19:28:16 »
Quote
Quote
Quote
Quote
Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
plonker rodney.


Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.

minw was on my tax return yesterday but i dint take notice of it. i think it was 7k something.


Gone up from 647L then Richie.
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aaronjb

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Re: Tax and NI deductions from today
« Reply #14 on: 07 April 2011, 20:01:55 »
Quote
For all you who are worse off, you must be earning a fair bit.

I'm paid like one of those bankers...








In my dreams! ;D
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