What Can I Give My Dog For Tooth Pain?
Animals & Nature1 min ago
Income Tax
9 Answers
Because of working a lot of overtime this year my earnings by April will be very close to £42k and I do not want to pay the higher rate of tax next year. I get paid on the 15th of each month so ( i apologise if this is a stupid question)will it be my yearly earnings on that March payslip they will calculate it on or also what I earn in those extra few days up to 5 April. Hope that makes sense
Answers
1 to 9 of 9
Best Answer
No best answer has yet been selected by knitnat. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
It's whatever pay you receive in the tax year (which usually ends on 5th/6th April).
But the 40% rate is only paid on any additional amount over the threshold so it won't make a huge difference- you still have £10600 at 0% and almost all the rest will still be at 20%. But you could always put just enough into AVCs to keep you below teh threshold
But the 40% rate is only paid on any additional amount over the threshold so it won't make a huge difference- you still have £10600 at 0% and almost all the rest will still be at 20%. But you could always put just enough into AVCs to keep you below teh threshold
The info on your march pay slip has all the info for tax and tax year
you will also get a P60 in May but that just duplicates things
Ifyou are under £42k close to but under then you will pay
nothing on the first 10k and 20% on the rest 32k which I think is £6400 = that s about £525 per month
if you earn £43k then it will be an extra £400 on top of the 6400
simples really
you will also get a P60 in May but that just duplicates things
Ifyou are under £42k close to but under then you will pay
nothing on the first 10k and 20% on the rest 32k which I think is £6400 = that s about £525 per month
if you earn £43k then it will be an extra £400 on top of the 6400
simples really
1 to 9 of 9
