Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

See all MNHQ comments on this thread

AIBU to ask what amount of tax you would pay if you earned £30k and what amount of tax you would pay if you earned £60k?

60 replies

ssd · 24/03/2012 17:04

have just read here as poster saying a person on £60k would pay more tax than couple who both earned £30k each

is that true?

OP posts:
CogitoErgoSometimes · 24/03/2012 19:03

I'm not saying I'm for it. I believe passionately that women and men should be taxed separately and women should be financially independent at all costs.

emsyj · 24/03/2012 19:31

I was really thinking about the scenario where there is no other parent - for example, after a death. It's a hot issue on my mind at the moment as there have been several friends of friends who have died in the last year before their time, leaving young children. DH and I have just been to the financial advisor to sort out what would happen if one of us died and bought some extra insurance cover etc.

I wasn't thinking about a separation scenario at all, I was thinking of a single parent who has no other parent to turn to at all. Should have made that more clear but I guess I had the expectation that in a separation situation there would still be a sort of notional 'household' income and that the 'single income' situation would only really apply to someone who was a lone parent.

callmemrs · 24/03/2012 19:39

Completely agree emsyj. Where one parent has died, its clearly a very different scenario as there is no possibility of increasing the earning capacity. Like you, we've always made sure we're well covered by insurance, even when times have been tough it's been a priority

catgirl1976 · 24/03/2012 19:43

this is the best site

It breaks it down, plus you can alter the tax code etc

ChippingInNeedsCoffee · 24/03/2012 20:02

The problem is that there are so many 'yes but...' scenarios that there will never be a 'fair' system :(

callmemrs · 24/03/2012 20:13

I agree with that chipping. No system can ever be perfect.

However, I think policies over recent years have contributed to this sense of some people feeling they can walk away from their responsibilities. It's disgraceful that an absent parent can just ignore the financial responsibility which they couldnt ignore if they were still with their partner.

RebeccaMumsnet · 24/03/2012 20:23

Evening all

We have moved this thread to Money matters

Best
MNHQ

MrAnchovy · 25/03/2012 00:15

Hey, how come noone's recommended this most excellent calculator Grin

OlympicEater · 25/03/2012 00:29

MrA I like that independant and in no way connected to anyone calculator that you have recommended Grin

nickelhasababy · 26/03/2012 11:18

you used to get tax allowance for being married.
they stopped that years ago. (those that already got it still do)
that got rid of some of the inequity with the second person personal allowance.

New posts on this thread. Refresh page
Swipe left for the next trending thread