- Original Poster
- #1
Hey guys, basically i'v just been taken on for a job in house rendering/dashing and im wanting a bit of advice regarding working tax credits and other things.
I'll list them for people who are reading rather than putting them into a paragraph:
1. The employer is going to be training me but says once i can do the profession he will employ me as self employed(Sub contracted), what does this actually mean?
2. The employer will be taking £20 per every £100 we earn to pay tax but im not sure if he will be paying my NI contributions and tax or just using the tax he takes from me to pay his own as he receives pay for his work fortnightly in a lump sum then pays wages and tax straight out of that... will i have to pay a further 20% tax ontop of what he already takes off of me for doing so?
3. Where will i stand with being able to claim Working Tax Credits? as i have a partner at home looking after the kids.
4. Sorry for being a pain in the rear end with my first post, im just really confused and not knowing what he means by self employed but the thought of just diving into it eyes closed is daunting to say the least.
I dont want to end up paying stupidly high amounts of tax twice (£100 tax for my wage £500 before Tax) leaving me £400 p/w and then another 20% off of that leaving me just £320, as £180 tax from a £500 wage seems pretty ridiculous at the best of times.
I'll list them for people who are reading rather than putting them into a paragraph:
1. The employer is going to be training me but says once i can do the profession he will employ me as self employed(Sub contracted), what does this actually mean?
2. The employer will be taking £20 per every £100 we earn to pay tax but im not sure if he will be paying my NI contributions and tax or just using the tax he takes from me to pay his own as he receives pay for his work fortnightly in a lump sum then pays wages and tax straight out of that... will i have to pay a further 20% tax ontop of what he already takes off of me for doing so?
3. Where will i stand with being able to claim Working Tax Credits? as i have a partner at home looking after the kids.
4. Sorry for being a pain in the rear end with my first post, im just really confused and not knowing what he means by self employed but the thought of just diving into it eyes closed is daunting to say the least.
I dont want to end up paying stupidly high amounts of tax twice (£100 tax for my wage £500 before Tax) leaving me £400 p/w and then another 20% off of that leaving me just £320, as £180 tax from a £500 wage seems pretty ridiculous at the best of times.
