Talk

Advanced search

Have a question about SMP and how much tax/nat ins you have to fork out.....

(9 Posts)
bootus Tue 19-Aug-08 23:02:31

Oh wise ones....can anyone give me a rough idea how much is taken off in 'contrbutions' from your basic £117 per week SMP. i'm panicking about my 'take home' money when it all kicks into gear in a few weeks....thanks and much appreciated

babypringle Wed 20-Aug-08 09:45:23

hi bootus ... there is an online calculator here http://listentotaxman.com/

ObsidianBlackbirdMcNight Wed 20-Aug-08 10:35:25

You won't pay Tax AFAIK but you may pay a little NI.

bootus Wed 20-Aug-08 12:15:42

Thanks ladies. Gr8 news if you don't have to pay tax althought the official website does indicate that it is taxable...if anyone has any more info would be very grateful. Thanks again.

mumfor1standmaybe2ndtime Wed 20-Aug-08 12:29:39

When I had ds I didn't pay tax on my smp (standard smp pay)
Think it depends on if your employer tops up your smp, this may get taxed if over the tax bracket.

lilymolly Wed 20-Aug-08 12:32:22

Oh I got taxed on mine as I still had my company car which tool me over the threshold angry

I think it is taxable if it goes over your tax free allowance i.e the amount you can earn before paying tax

abouteve Wed 20-Aug-08 12:34:09

£117 will be just under the weekly tax allowance so no tax. If its subject to NIC then it will be under £2 I reckon.

lilymolly Wed 20-Aug-08 12:35:45

yeah but other things affect you tax allowance like company cars, healthcare etc.

bootus Wed 20-Aug-08 14:47:09

Ok....that makes things a little clearer. thanks guys. x

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now