What percentage of earnings is emergency tax?

[Flossam]

Just that really. Desperately needing money at the end of the month and have found out this is what I will be taxed for month one (usual I know). TIA

I think (but not certain) that it is basic rate off the whole lot (22%) . Don't forget NI too.

not 40% then? That was my real concern!

Hope you are right thanks.

I always thought it was 40%

Depends on the amount earned.

There is a tiny amount taxed at 10%, the majority at 22% then - if you go over the threshold - 40% (unlikely unless you are on mega bucks).

The emergency bit is that it is worked out on a month by month basis rather than on a cumulative one.

hardly mega bucks .. doesn't 40% kick in around 40K?

BR - basic rate is 22% on all your earnings so no allowances will be off-set, unless of course your monthly earnings take you into the 40% rate in which case you will be taxed at 40% and then at 22%.

£40K IS mega bucks to me Twig

Emergency tax isn't basic rate, it's just not cumulative. In April that has no effect at all. HTH.

ER is what elliott said - 22% on the lot, no allowances - so if your gross was #1000 a month you'd pay #220. It will be adjusted as soon as they catch up with your tax code, Floss.