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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
How many hours can i work before i have to pay tax ? |
I have been offered a job of 14 hours a week at 拢7.80 an hour , im not sure wether im taxed after so many hours, or because of the amount i will earn. In one financial year, you can earn up to 拢5,035 at the moment before being taxed. For one year, that job would earn you 7.8 x 14 x 52 = 拢5678.4 So you would pay tax on 5678.4 - 5035 = 拢643.40 The amount of tax you pay on this over a year would be very minimal. You would also have to pay National Insurance. The threshold for this is 拢97 a week. You'd earn 拢109.2 a week. However, again, this would be minimal. If you are a single parent, working parent, or returning to work after a long abscence, you might be entitled to further tax benefits. Check at your local job centre, a financial advisor or at your local citizens advice bureau. Source(s): http://www.direct.gov.uk/moneytaxandbene... it's not hours it's based on the amount you earn. Your tax code tells you how much you can earn before you pay tax. On your P60, there should be a tax code, this code states how much you can earn a year before being taxed so if your tax code was 454L, you can earn 拢4,540 pounds a year without being taxed, anything over this amount, you will be taxed on. once you start work taxes come out. unless you are getting pay under the table ( off the books) i think if you earn over 4000 in a year then you pay tax. that probably is subject to stuff i dont know about though. Actually I believe it is a dollar amount, for example my state is $5,000 |
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