AIBU to stamp my little feeties and cry "it's not fair!"

[YonWhaleFish]

As I have understood budget wafflings in my teeny tiny mind, Low earners get tax break via the raise of the threshold. Higher tax earners get tax break via the drop in tax by 50p. Middle earners (ME!) get sweet FA.

Humph.

No the threshold thingie applies to everyone up to those earning 100k. hth.

What do pensioners get? Did anyone notice?

What threshold thingies? All I picked up on the brief radio bit I heard was that the rate for not paying tax went up to £9000 and odd, and the higher tax rate peeps tax will be lowered.

No idea what the pensioners get, anyone?

Everyone (earning under £100k) gets an extra £200+ due to tax free allowance raise.

They raised the threshold by the same amount last year and will do the same next year.

Flat rate pension of £140 now.

"the rate for not paying tax went up to £9000 and odd"

...therefore YOU don't pay any tax on the first £9000 and odd either. And are therefore £220ish (IIRC) better off.

(Assuming you don't earn more than £40000 here; the higher rate threshold has been reduced as well)

Thanks spring

bummiemummie so I don't pay tax on my first amount of earnings per tax year? I think i may be a little bit stupid as I thought it was once you earned over whatever the threshold is once within your job, you pay tax forever until you start a new job.

Well. I live and learn so I do.

Er the £140 is a minimum flat rate, they can get higher based on contributions.

TBH the pensioners got shafted.

Question: do you get taxed every month? It's just they spread the tax you DO pay over 12 months?

You pay tax on pensions don't you? Don't they shaft pensioners to the tune of paying tax on pensions at least twice? As in, you are tax on the money that goes in, then again as you use it? (I don't know!)

YABU OP. Budgets by any Governemnt always shaft middle income Britain. Too rich to be poor and too poor to be rich that's me

you get so much pay tax-free every year.

say, it's now £9000 (rounding for example), and you earn £10k in a year.
you will only pay tax on £1000.

that applies so everyone.
so if you earn £20,000, you will pay tax on £11,000.

they work out your tax based on if you will earn that much every month of the year.
then they recalculate each month.

What pp said. Tax will be recalculated based on any changes that happen during the year

Thanks nickel. It seems like they must recalculate to stay shifty, so you never quite know what's going on.

.

they don't do it to be shifty!

it's complicated if you earn different amounts every month, but it does work out.
(i always calculated mine myself)

Lol. Thanks nickel.

I don't arf feel a bit thick now !