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Tax codes/NI etc- Help please!!

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sair5412 | 19:33 Wed 01st Nov 2006 | Business & Finance
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I have recently found myself a single parent and I am trying to work out my tax and child tax credits but it needs to be beneficial for me to put my young son into childcare. I wonder if anyone can help.... If I work 24 hours a week I will earn �145.20 which is �7550.40 per year. If I work 32 hours a week I will earn �10,067.20 per year. I currently work 16 hours per week and my tax code is 508L and I do not get taxed. Can anyone tell me what I should expect to be taxed/NI contributions on the above amounts? Sorry if this is a silly question.

Thank you.
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Using the figures you have given, the total deductions due to Tax/NI would be:

24 hrs pw = �10.79 giving a nett wage of �134.41
32 hrs pw = �26.76 giving a nett wage of �166.84

http://www.listentotaxman.com/index.php?calc=1 &year=2006&age=0&add=0&taxcode=508L&period=1&i ngr=10067.20&Submit=Calculate
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Brilliant. Really helpful. Thank you!

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Tax codes/NI etc- Help please!!

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