Can anyone please help? Anyone know how much tax and national insurance a single man should pay on £1400 month

Question

Just starting work again after being off for two years due to health. Many thanks for any answers.

Answer 1

Everybody in the UK is entitled to a tax free 'personal allowance'. For this tax year, 2008-09, the personal allowance is £5435.

Your annual gross income is £16800. You have to pay tax on £11365 (16800-5435=11365).

The basic rate of tax is currently 20%. Therefore you would pay £2273 in tax this year (or £189.42) per month.

The fact that you are a single man makes absolutely no difference on how much tax you pay.

Answer 2

Everybody in the UK is entitled to a tax free 'personal allowance'. For this tax year, 2008-09, the personal allowance is £5435.

Your annual gross income is £16800. You have to pay tax on £11365 (16800-5435=11365).

The basic rate of tax is currently 20%. Therefore you would pay £2273 in tax this year (or £189.42) per month.

The fact that you are a single man makes absolutely no difference on how much tax you pay.

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However in 2008-2009 if you start work in June the first month will result in less tax than this.

The annual exemption is £5435 so the exemption for 3 months (April, May, June) is 1358.75 (£452.92)

For the first month your tax will be : (£1400-£1358.75) * 0.2 = £8.25!

The next month (tax month 4) is worked out as follows

Total Earnings : £2,800

Free Pay : £1811.68 (£452.92*4)

Taxable : £988.32

Total tax due for two months: £197.66 (£988.32*.2)

Total tax paid : £8.25

Total tax to be paid : £189.41 and each further month will be the same.

With regards to national insurance

If you assume 12% - £168.00 per month you won't go far wrong.

Answer 3

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Answer 4

Hiya.  

Good luck in your new job.  

You can expect to lose about one third of your gross income to income tax and national insurance.  You may be entitled to a tax rebate though, after being out of work for two years.  Your new employers will receive a tax number from their local tax office, and this will tell them how much to deduct.  They (Inland Revenue) will also notify you of your new tax number.  If you disagree with it, or want it checked, contact Inland Revenue and give them whatever information they may not have.

Best of luck.