I have a job offer in London. How much of tax have I got to pay if I get a pay of 500 Pounds a week.?

Question

The cost of living in U.K. please provide some details.

Answer 1

That won't get you very far in London.

Answer 2

26,000 pa

personal allowance of 5435 = 20 565 taxable at 22% = 4524.30 tax per year = 87.01 per week

National Insurance = 500 - 105 - 395 * 11% = 43.45 per week

http://www.hmrc.gov.uk/rates/it.htm

Pay 500 - 130.46 = 369.54 cash in bank per week

Answer 3

ok at the moment it would be £26000 for 52 weeks.

first £5225 is tax free.

£2230 is taxed at 10%= £223

remander £18545 is taxed at 20%= £3709

so total tax: £3932 but that's not includin NIC!!

the joker: i am currently doing AAT and the way i worked it out was how i was taught too... i am sorry if this infowas incorrect but that's the best i could do!