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how much would i get taxed a month if i was earning £1000

9 replies

mustsleep · 25/09/2007 14:22

wantto try and work out if it's worth going back full time

OP posts:
Tortington · 25/09/2007 14:27

300 ish? its roughly a third i think - but you will have a tax allowence int he first instance you can claim back next april - i think.

mustsleep · 25/09/2007 14:30

i know that my tax code is 522 but if they take £300 by the time i've paid the nursery it wonlt be worth me working at all

OP posts:
Tortington · 25/09/2007 14:35

have you tried www. entitledto.com - might be .co.uk

quint · 25/09/2007 14:40

try one of these sites

Target Income Calculator

Tax calculator 2007

mustsleep · 25/09/2007 14:48

yes would come out with £8o7 tinking that it would all work out ok until i remembererd tax

am i on th right code because that is coming up as single persons tax code and i am married with two kids

OP posts:
quint · 25/09/2007 14:55

I'm also 522 whats your final letter (mines t) I am also married with 2 kids

Also would your employer give you childcare vouchers as that brings down your gross salary quite a bit so you are taxed on less so pay less tax iyswim

mustsleep · 25/09/2007 15:14

hi it's 522l i'm sure it is but can't find my wage slip - does it really matter if the amount is the same?

so if you get the vouchers you can get upto £55 a month an it you times that by 52 weeks in the year and take that off your annual income and then work the tax out i should get my figure?

OP posts:
mustsleep · 25/09/2007 15:19

have worked it out like that and you do ay quite a lot less tax but can you still claim wftc

i end up coming out with less money than i get no for working 10 hours a week - bloody nursery prices

OP posts:
Kevlarhead · 27/09/2007 00:06

Add a zero on the end of your tax code in place of the l; thats your allowance of income tax free income for the year.

With 522L you'll have to earn £5220 before C&R start taking 22% off.

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