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Author Topic: Another Tax Question  (Read 874 times)

Gypsy

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Another Tax Question
« on: 27 September 2015, 12:42:42 pm »
For someone who is absolutely hopeless at Maths, how do I calculate how much I need to put away for tax?

Say roughly on average is it ?25 out of every ?100?

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Treetop

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Re: Another Tax Question
« Reply #1 on: 27 September 2015, 12:57:17 pm »
About that.

There is a calculator in hmrc website for tax and ni estimates might be helpful.
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Gypsy

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Re: Another Tax Question
« Reply #2 on: 27 September 2015, 01:17:06 pm »
Thank you :) I put 25 cos I didn't think it would be any more than 30.
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ladyofthemansion

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Re: Another Tax Question
« Reply #3 on: 27 September 2015, 01:21:34 pm »
Best to put away third then anything left is a bonus. Thinking of putting it away in premium bonds instead.
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Gypsy

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Re: Another Tax Question
« Reply #4 on: 27 September 2015, 01:28:57 pm »
Quote from: ladyofthemansion on 27 September 2015, 01:21:34 pm
Best to put away third then anything left is a bonus. Thinking of putting it away in premium bonds instead.

Funny you should mention that as I was thinking the same thing, lol ;)
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Kay

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Re: Another Tax Question
« Reply #5 on: 27 September 2015, 04:24:03 pm »
25% should be ample to cover tax and NI.
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