Your tax & pay 2008 / 2009

[rob 2.2dti]

Based on persons under 65 yrs ...

New tax rates : No tax paid on income up to £5225 (2007)

has become : No tax paid on income up to £5435 (2008)

10 % tax band : Earnings between £5226 - £7455 (2007)

this band has been abolished in 2008 (unlucky for the low paid !)

Basic rate 22 % : Income between £7456 - £39825. (2007 / 2008)

Basic rate 20% : Income between £5435 - £41435. (2008 / 2009)

Higher rate applies to all earnings above £39,825 (2007 - 2008)

Higher rate applies to all earnings above £41,435 (2008 - 2009)


So how the hell do you work out where you stand based on that lot ! Well the easiest way is to use http://listentotaxman.com/

You just put in your tax code and gross pay for the year. There are tabs to show what you would have taken home last year / this year / next year.

And its celebration time. Im considered over the pay band for my current job role and have had no pay rise for the last 3 years - however the tax man has kindly changed the tax system into my favour. I should have an extra £7 to spend this year. Thats over 50p a month !

Oh no wait ! Fuel has gone up, council tax has gone up, f***ing everything has gone up. Aw well, tighten the belt another notch.

[Perry]

My tax code means I now take home an extra £4 - £5 a week.

[mushy2007]

I'll get an extra £50 a month, not bad!

[rob 2.2dti]

Give me £20 for telling you about it. Preferably per month.

[dmoffat]

Ive given up .. i think we should all become hunter gatherers again and skin rabbits for clothing eat grass and live in teepee's in shopping centre car parks

[signum junkie]

Another £250 this year! Time for some more mods

[MLC]

What they don't tell you is that national insurance has gone up in the last budget. I now pay over £400/year more than I did before the last budget. They forgot to mention that.

[rob 2.2dti]

national insurance is not a tax. Gordon Brown sais so. Its an ... er ... alternative revenue health & pension funding provision. It should not be confused with a tax because it does not meet the basic criteria for taxes.

which are ... economics students help me out here...

1. Fair
2. based on the ability to pay
3. easy to collect
4. hard to evade
5. ..................
6. ..................

[martind511]

What they don't tell you is that national insurance has gone up in the last budget. I now pay over £400/year more than I did before the last budget. They forgot to mention that.

I just noticed that, I am in the same boat - my deductions run at just over £1500.00GBP per month - methinks I need to go back into contracting.