Comments on: UK Tax Change… Again! http://www.stuffbysarah.net/2008/05/14/uk-tax-change-again/ PHP, WordPress and Business Ramblings Mon, 19 Jul 2010 13:44:50 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Sarah http://www.stuffbysarah.net/2008/05/14/uk-tax-change-again/#comment-14725 Sarah Thu, 15 May 2008 16:10:50 +0000 http://www.stuffbysarah.net/?p=716#comment-14725 That sounds about right. Basically before the change you'd have been getting £5435 freepay and then the rest was taxed at 20% (plus your NICs), and now you get £6035 freepay and then 20%. So for someone on £20,000 it was £2913 tax and now it'll be £2793. My £150 was on an £18k income (at self employed figures) compared to the old system of the 10% band, I was going to be £10 or so down but now I'm £150 up. Of course that's if I make £18k this year, who knows?! That sounds about right. Basically before the change you'd have been getting £5435 freepay and then the rest was taxed at 20% (plus your NICs), and now you get £6035 freepay and then 20%.

So for someone on £20,000 it was £2913 tax and now it'll be £2793.

My £150 was on an £18k income (at self employed figures) compared to the old system of the 10% band, I was going to be £10 or so down but now I'm £150 up. Of course that's if I make £18k this year, who knows?!

]]> By: Jem http://www.stuffbysarah.net/2008/05/14/uk-tax-change-again/#comment-14723 Jem Thu, 15 May 2008 15:28:50 +0000 http://www.stuffbysarah.net/?p=716#comment-14723 I am totally bloody confused now. I can't keep up with all of this crap - the government should have just left things alone. Edit: having read the speech on the BBC site I think I just about grasp it. I was £4 worse-off with the tax changes and this extra £120 makes me £116 better off overall. Hopefully. Oh well, better than a kick in the teeth! I am totally bloody confused now. I can't keep up with all of this crap – the government should have just left things alone.

Edit: having read the speech on the BBC site I think I just about grasp it. I was £4 worse-off with the tax changes and this extra £120 makes me £116 better off overall. Hopefully. Oh well, better than a kick in the teeth!

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