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-   -   how much income tax/national insurance should be deducted from my wage... :( (https://www.cableforum.uk/board/showthread.php?t=40263)

heyyo 23-12-2005 19:54

how much income tax/national insurance should be deducted from my wage... :(
 
i contacted inland revenue who said i need to speak to my payroll department, they insisted everything is fine...

i get paid weekly - when i fill in my hours. For example i filled in the last four weeks and got paid for the weeks on one pay slip....

my income tax is over £300.00 and national insurance over £120.00
isn't that too much, total deduction was 552.44 (also including my student loan deduction)

can anyone advise...
thanx

Escapee 23-12-2005 20:07

Re: how much income tax/national insurance should be deducted from my wage... :(
 
Quote:

Originally Posted by heyyo
i contacted inland revenue who said i need to speak to my payroll department, they insisted everything is fine...

i get paid weekly - when i fill in my hours. For example i filled in the last four weeks and got paid for the weeks on one pay slip....

my income tax is over £300.00 and national insurance over £120.00
isn't that too much, total deduction was 552.44 (also including my student loan deduction)

can anyone advise...
thanx

Please can we swap, I would love those deductions.

I would firstly check you have the correct tax code, then deduct your tax code from your annual salary. (If your tax code is 364L for example you deduct 3640 from your salary)

The tax code amount is free from any deductions, the rest is taxed. As a general rule of thumb you could divide your salary by 3 and then multiply by 2 to give you an idea of what you should be getting. I use that myself as a rough guide, and it gives you an idea what you should get after tax and NI deductions.

Chrysalis 23-12-2005 20:17

Re: how much income tax/national insurance should be deducted from my wage... :(
 
It would help if you revealed what the gross pay is.

homealone 23-12-2005 20:18

Re: how much income tax/national insurance should be deducted from my wage... :(
 
use this to check

http://www.listentotaxman.com/

:)

Ramrod 23-12-2005 20:20

Re: how much income tax/national insurance should be deducted from my wage... :(
 
Perhaps you are on 'emergency tax'?

quadplay 23-12-2005 23:03

Re: how much income tax/national insurance should be deducted from my wage... :(
 
Quote:

Originally Posted by homealone
use this to check

http://www.listentotaxman.com/

:)

Yes, this!

You can enter your yearly, monthly or weekly pay and your tax code, and it will work out the income tax and national insurance contributions you should be paying.


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