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ingamar1798
Apprentice
Joined: 23 Sep 2007
Posts: 1
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 Posted: 07/27/09 - 04:21 Post subject: |
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| Hi. I am wondering about taxes. I have just got accepted for my first full time job - my first real job! I am starting next week and am pretty pleased with the wages. But how much tax do I pay, and what tax do I pay? Do I need to arrange for that myself or does my firm do that? I haven't a clue to be honest... so thanks for your help! |
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kariotta
Apprentice
Joined: 21 Apr 2008
Posts: 6
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| Posted: 08/26/09 - 02:20 Post subject: |
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Not all your income is taxed - everyone has a "personal allowance" that is free of tax. Currently this is £5,035. Afterwards your income is subject to income tax, which your employer deducts at source. You won't notice a thing! Mind you, you might be entitled to other allowances also. Check this out with the Inland Revenue.
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