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Not sure how much i earned?
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meorno
- Posts: 73
- Joined: 18 Dec 2011, 22:52
- Gender: Male
Not sure how much i earned?
I worked for 12 days at rate 5.48 i think im not sure i am 20 years old work from 10pm to 6am please help?
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bobthedog1
- Posts: 40
- Joined: 09 Dec 2011, 16:08
- Gender: Male
Re: Not sure how much i earned?
12 shifts x 7.5 hours (assuming you worked 8 hour shifts minus 30 mins break)= 90 hours worked multiply by 5.48 = £493.20 before deductions for tax/NI.
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meorno
- Posts: 73
- Joined: 18 Dec 2011, 22:52
- Gender: Male
Re: Not sure how much i earned?
Thanks I don't pay tax as i am student so i get this tax free i got £350 cash and also £174.95 second payment so they want me to pay some back?
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arsi123
- Posts: 3
- Joined: 10 Dec 2011, 11:22
- Gender: Male
Re: Not sure how much i earned?
You will pay tax and NI. Students are not exempt from paying tax and NI, please end with this myth already !
Everyone ( including students, and even babies ! ) will pay tax and insurance if their income every week is over the threshhold level, which in your case, it is.
Everyone ( including students, and even babies ! ) will pay tax and insurance if their income every week is over the threshhold level, which in your case, it is.
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fishtank
- Posts: 19732
- Joined: 28 Sep 2007, 17:22
- Gender: Male
Re: Not sure how much i earned?
Not exactly true.arsi123 wrote:You will pay tax and NI. Students are not exempt from paying tax and NI, please end with this myth already !
Everyone ( including students, and even babies ! ) will pay tax and insurance if their income every week is over the threshhold level, which in your case, it is.
Students: Working only in the holidays while being a student
If you are a student on a course in the UK and you work solely in the holiday periods (summer, Christmas, Easter) you may be able to receive your wages without tax being deducted. You will need to complete a student exemption Form P38(S) (PDF 43K). http://www.hmrc.gov.uk/forms/p46.pdf" onclick="window.open(this.href);return false;
To receive your wages without tax being deducted you must:
be a student who is planning to continue being a student until after 5 April next
not have a total income from all sources - apart from student loans, scholarships and educational grants - in the tax year of more than £7,475 in 2011/2012
If you do not meet the P38(S) conditions, or you are on a non-UK college or university course, you should ask your employer for a form P46. We will then tax you under a system called Pay As You Earn (PAYE). Once we have received your completed form P46 (PDF82K), we will:
issue you with a tax code that shows your entitlement to any allowances and deductions
inform your employer of your tax code to enable him to deduct the correct amount of tax and National Insurance contributions direct from your wages
National Insurance contributions
You will only pay National Insurance contributions (NICs) if you earn more than £110 a week or £476 a month. If you receive more than these amounts you will pay NICs at 11 per cent on anything over £110.01 a week (£476 a month) up to £884 a week (£3,656 a month) plus 1 per cent on any amount over £884 a week (£3,656 a month).
good times, bad times you know I've had my share