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Patricks
18th February 2005, 23:00
First of all I would like to apologize if this is posted in the wrong forum. I went through all others but this one looked like the most proper one to ask in.

I would like to know how the income tax in the UK looks like, both from a employees' view and from the employers'.

Based on a monthly wage of 1,515.39 GBP an employee here would pay 58% in tax, leaving 42% left. The employer pays a "workingfee" and in this case it would be 491.897 GBP ontop of the 1,515.39.

Is the situation about the same in the uk or?

Sorry for the poor english but as mentioned it is not my native language :oops:

Thais
19th February 2005, 12:36
Mnn....it's bit complicated in the Uk, but as that salary mentioned would round up to about £18,184 per annum, the recipient would be on 22% basic rate. ie he would receive £1,182 (see this table.) (http://www.lse.ac.uk/collections/payAndInformation/pdf/incomeTax.pdf)

However, there would be National Insurance contributions to take into account too...
see here (http://www.inlandrevenue.gov.uk/rates/nic.htm) - I'll leave you to work that one out by yourself :P

It roughly works out that you receive around 70% of the salary - but I stand to be corrected.

Patricks
19th February 2005, 14:45
Thais: Thank you very much! Exactly the information I was out for and can be used for later reference. Have a great weekend :)