Francie 6,362 Posted May 7, 2019 Report Share Posted May 7, 2019 Anyone clued up on tax that can help me, I got a pay rise in work last october, everything was gran until April this year I got hit with a new tax code, apparently I didn't have to pay as much tax as I had some n.i Contributions built up from previous employment, now the pay rise I got is being swallowed by the taxman, it's a f***ing joke. I'm not seeing any of it. I worked hard for the payrise, then for it to be taken off me is a kick in the balls. Could someone help me way a wee question, the personal allowsnce has risen to 12500 this year, to my understanding, that means I won't get taxed uptown this above amount but over that I'm getting charged 20percent. I have a business on the side also an it's booming, i thought I might ask my work for "flexible hours" which means I want to reduce my hours by ten hours. Here's the question, if I reduced my hours to say 29 hours, that would bring me under the threshold of 12500. Would this then mean I won't have to pay income tax as I'm under the threshold, I understand IL have to pay a bit of n.i. Could someone clarify this for me, an the extra hours off would give me more time with my business Thanks in advance Quote Link to post Share on other sites
riohog 5,621 Posted May 7, 2019 Report Share Posted May 7, 2019 it will depend on your totall yearly income over a certain amount anually tax threshold will rise free pay will be same ,more you earn more you pay thats how it is!. 1 Quote Link to post Share on other sites
Francie 6,362 Posted May 7, 2019 Author Report Share Posted May 7, 2019 1 hour ago, riohog said: it will depend on your totall yearly income over a certain amount anually tax threshold will rise free pay will be same ,more you earn more you pay thats how it is!. Thanks Rio, the way I'm understanding it is, if I cut my hours to 30 a week, that means annually IL earn just under the threshold of 12500, so it can't be taxed apart from small n.i contribution Hopefully I'm understanding it correctly? I my business is getting busier an I would mind taking them extra hours an putting it into me business. Can anyone help me with the above? Quote Link to post Share on other sites
riohog 5,621 Posted May 7, 2019 Report Share Posted May 7, 2019 11 minutes ago, Francie said: Thanks Rio, the way I'm understanding it is, if I cut my hours to 30 a week, that means annually IL earn just under the threshold of 12500, so it can't be taxed apart from small n.i contribution Hopefully I'm understanding it correctly? I my business is getting busier an I would mind taking them extra hours an putting it into me business. Can anyone help me with the above? i suppose in reality buissenss wise if that produces an income aswell it contributes to your total anuall income dont want to say to much ,i dont know your circumstances !!, maybe a word with an accountant may help Quote Link to post Share on other sites
Francie 6,362 Posted May 7, 2019 Author Report Share Posted May 7, 2019 3 minutes ago, riohog said: i suppose in reality buissenss wise if that produces an income aswell it contributes to your total anuall income dont want to say to much ,i dont know your circumstances !!, maybe a word with an accountant may help Yeah Rio maybe so, just thought I'd ask the thl massive before I done anything else Quote Link to post Share on other sites
riohog 5,621 Posted May 7, 2019 Report Share Posted May 7, 2019 4 minutes ago, Francie said: Yeah Rio maybe so, just thought I'd ask the thl massive before I done anything else my view is pal , dont give to much info on a public forum , 6 1 Quote Link to post Share on other sites
Stoney100 1,179 Posted May 7, 2019 Report Share Posted May 7, 2019 Maybe you could get a job where you could perhaps do your own books and maybe you could do jobs for cash to stop a certain amount going through the books? Not sure if that’s possible but maybe it is 1 Quote Link to post Share on other sites
riohog 5,621 Posted May 7, 2019 Report Share Posted May 7, 2019 3 minutes ago, Stoney100 said: Maybe you could get a job where you could perhaps do your own books and maybe you could do jobs for cash to stop a certain amount going through the books? Not sure if that’s possible but maybe it is to much info 2 Quote Link to post Share on other sites
Stoney100 1,179 Posted May 7, 2019 Report Share Posted May 7, 2019 22 minutes ago, riohog said: to much info Lol I put everything through personally, I didn’t I’ll be honest but it does have its benefits and I can claim a lot back as expenses now that I couldn’t before! Im self employed though so it’s different, if I had a wage going into my bank from a job there isn’t anything I could do about it is there? As in that’s the structure I get paid in so if I stay in that job that’s the amount of tax I’ll pay? Genuine question Quote Link to post Share on other sites
riohog 5,621 Posted May 7, 2019 Report Share Posted May 7, 2019 4 minutes ago, Stoney100 said: Lol I put everything through personally, I didn’t I’ll be honest but it does have its benefits and I can claim a lot back as expenses now that I couldn’t before! Im self employed though so it’s different, if I had a wage going into my bank from a job there isn’t anything I could do about it is there? As in that’s the structure I get paid in so if I stay in that job that’s the amount of tax I’ll pay? Genuine question im retired so really dont give a f,,,,,,,,,,,,, 1 Quote Link to post Share on other sites
Stoney100 1,179 Posted May 7, 2019 Report Share Posted May 7, 2019 Fair enough lol Quote Link to post Share on other sites
tatsblisters 7,915 Posted May 7, 2019 Report Share Posted May 7, 2019 I think the only way around it would be to be paid cash on your side job .Its another case of an unfair tax system imho it pisses me off the amount of tax me and the wife pay because we receive work related pensions from former jobs witch is pittance in reality. Quote Link to post Share on other sites
Francie 6,362 Posted May 7, 2019 Author Report Share Posted May 7, 2019 14 minutes ago, tatsblisters said: I think the only way around it would be to be paid cash on your side job .Its another case of an unfair tax system imho it pisses me off the amount of tax me and the wife pay because we receive work related pensions from former jobs witch is pittance in reality. Tax is theft lol I don't mind paying for NHS etc but them c**ts are certainly skimming of the top tats. Quote Link to post Share on other sites
Francie 6,362 Posted May 7, 2019 Author Report Share Posted May 7, 2019 40 minutes ago, W. Katchum said: I pay well over the odds tax An only way around it is to drop hours so wages fall within tax code, but what about if we want extra spends for family? Means I got to punch me cnut in for not a lot extra by time Timmy tax man gets his share, fcuk em tho, work pay it an enjoy start worrying about money an it soon drains the fun out life Yeah ano don, but when ye bust your balls to get a raise, only for it to be taken by tax man is a kick in the nutts. I think I'm either going to ask for less hours or another payrise 1 Quote Link to post Share on other sites
Francie 6,362 Posted May 7, 2019 Author Report Share Posted May 7, 2019 (edited) 2 hours ago, W. Katchum said: Or have w word with ye boss an explain the situation, ye never know pal if ye a good grafter then he may say keep it as you are an he will sort you a decent bonus come crimbo or summat good employee are like rocking horse shit these days an any decent boss will do what they can to help ye Aye tbh fair don he give me a rise after 6 weeks in the job, so I might just ask for another raise lol Edited May 7, 2019 by Francie 1 Quote Link to post Share on other sites
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