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Paid childcare

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

Original poster

Tax threshold amount?

7 replies

JenumGeranium · 02/11/2005 09:10

Does anyone know how much you have to earn before you start paying tax?

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Original poster
JenumGeranium · 02/11/2005 09:24

.

OP posts:
mumlove · 02/11/2005 09:27

Hi the personal allowance for 05-06 is £4895. just remember you can earn over this as you need to take off expenses

Original poster
JenumGeranium · 02/11/2005 10:02

Thanks!

OP posts:
sweetheart · 02/11/2005 10:11

It depends on what your tax code is. The £4895 only applies if your tax code is 489L If it's not the amount will be different!

Original poster
JenumGeranium · 02/11/2005 10:12

Oh right! Where will I find that then? On a P45 or something?

OP posts:
sweetheart · 02/11/2005 10:14

yes it will be on your P45. Or a P60 if you have one - your last employer should have given you one around April/May time.

Original poster
JenumGeranium · 02/11/2005 10:15

ok thanks sweetheart! (sound like my mum there!)

I will go and dig it out!

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