Tax Code etc

[That Guy]

This is not really business related but will ask anyway....

Is there such a thing as a standard Tax code that someone would be on if for example they work 40 hours a week at £5.80 an hour and it is there only job.

Also what is the easiest way to work out what the Tax and NI would be on the above job?

Thanks in Advance :)

[elainec100@cheapaccounting]

'standard personal allowance' is £6475

use a paye calculator to work out take home - plenty around. Just google it

[Arithmo]

Try this calculator:

http://twdaccounts.co.uk/clinic/online-tax-calculator/salary-checker.html

[robindunne]

This is not really business related but will ask anyway....

Is there such a thing as a standard Tax code that someone would be on if for example they work 40 hours a week at £5.80 an hour and it is there only job.

Also what is the easiest way to work out what the Tax and NI would be on the above job?

Thanks in Advance :)

Have you thought about tax credits? An individual with a modest income like this may qualify for something. Of course it depends on so many other things, but it is something to think about.

[billy buntin]

'standard personal allowance' is £6475

use a paye calculator to work out take home - plenty around. Just google it


this advice is only half accurate as there are different allowances depending if you ar under or over 65, give the employee a P46 if they do not have a p45 when they start work, the p46 determines which tax code to use.