QuestionAre taxes deducted from your salary? How much?
      – BorgClown, 2009-08-02 at 23:25:55   (8 comments)

On 2009-08-02 at 23:28:32, BorgClown wrote...
My paycheck loses 20% before it reaches my hands, thanks Mr. government! The more you earn, the more you get taxed here, to a maximum of 45% I think. Since this is my first permanent job in about 14 years, I'm trying to figure out how to recover some of those taxes.
On 2009-08-03 at 02:37:13, Scarletxstarlet wrote...
I get about 8-10% deducted from each paycheck, but I get it back after filing my W-2.
On 2009-08-03 at 10:21:43, Lee J Haywood wrote...
Mine worked out as net being about 30% less than gross - 17% tax, 9% National Insurance and 4% pension. So that's 26% less if you exclude the pension (which I was never able to get them to adjust!) On the bright side, I got paid an ever-increasing amount so I always had savings to, um, save.
On 2009-08-04 at 00:11:12, Baslisks wrote...
I get deducted about 10%. Not bad.
On 2009-08-04 at 01:34:24, BorgClown wrote...
Ok, got my last receipt: 16% income tax 4% Insurance. Pension will come from this also. So compared to Lee, I pay 4% vs 13% on social insurance. Good, considering national insurance here is awful, many people see it as a last resort option.
On 2009-08-04 at 12:36:34, Lee J Haywood wrote...
I'm not convinced that National Insurance here is simply for health - really it's just another tax, and who knows how it translates to what the government actually spends? There's quite a lot of variation between us in terms of what we lose from our salaries! Not that I have a salary now.
On 2009-08-05 at 02:41:47, BorgClown wrote...
Oh, I don't think it's legal to raise a tax for one purpose and use it for something unrelated, at least without making public the change. The legislators would have a camping trip (and lots of attention) there.
On 2009-08-05 at 21:42:18, Thelevellers wrote...
Once I start at RR in September I'll be paying 19% of the taxable bit (you get a £6,470 living allowance), of which national insurance makes up about 70%...