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Original poster

Higher rate tax bracket - what does it mean if you're pro-rata

4 replies

WikiSpeaks · 04/02/2011 22:30

Sorry if this is a ridiculous question.

My salary PA is 37545k gross but I work PT so actually it's about 22k.

I would still actually have to earn over the threshold before being taxed at 40% wouldn't I?

Would I?

OP posts:
eviscerateyourmemory · 04/02/2011 22:32

Its how much you earn thats important, not how many hours you earn it over.

DarrellRivers · 04/02/2011 22:32

Yes
You will get taxed up to 22K, not up to 37K

beanlet · 04/02/2011 22:37

It's how much you actually earn, not war you would earn if you worked full time. Besides, the 40% threshold is 35K PLUS the tax free threshold, so you have to earn 45 to qualify. So even if you worked full time you'd be fine on your salary. ( actually, not sure exactly where the threshold is, but it's over 40)

Original poster
WikiSpeaks · 05/02/2011 08:17

Brilliant. Thankyou. I'm 33 years old and I never grasped it. How stupid is that? Anyway, I get it now. Thankyou so much!

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