tax on £150

[joko]

about what would you generally expect to pay in tax if you were freelance and earnt £150...?

thanks

[factor-fiction]

It depends on what other earnings you have in the tax year.
If the marginal rate is 20% you'd pay £30.
How do you normally pay tax or is it your first freelance job?

[craft1948]

or 20% and 40%....

[joko]

thanks, no its not my first but ive just been deducted 50 by the employers and it seemed too much to me

mmm?

[Buenchico]

Well you've got me confused, Joko.

If you're genuinely 'freelance' you should be self-employed and paying any relevant tax directly to HMRC. There shouldn't be any deduction of tax by an 'employer' since you haven't got one. (You should be paid the full amount due by the person you've contracted your services to and then sort out the tax, for yourself, with HMRC).

If you're actually doing a second employed job then, assuming that your total pay (across both jobs) isn't high enough to take you into a higher tax bracket (and assuming that you've earnt enough from your first job to use up your personal allowance) you should be paying tax at 20% on everything you earn. So you should have paid £30 in tax. (You should also pay National Insurance on your second job as well but, with only £150, that will be almost negligible).

Chris

[joko]

yes chris thats right, i do both, as and when needed.

perhaps thats where the confusion is...i have assumed i was freelance, they have classed me an an employee...it was the council.

it was a while ago now.