quick question

[flumpy dog]

hi all-hope youre well x
would anybody know to hand the current rate of salary tax-is it still 25 % ?
im just doing some financial housework.
no rebates for me alas thanx [:D]

[luluj]

tax and nat insurance works out about 24.5%

[Skippy]

I've googled it and it looks like 20% - http://www.hmrc.gov.uk/rates/it.htm - but I'm not 100% sure.

[flumpy dog]

thanx guys its purely for my own knowledge as someone at my work said 23 %

[johnh]

Fergie,
The standard rate of tax was reduced to 20% when the 10% tax band was removed. To calculate you tax you deduct the tax free allowance from your gross pay, then apply 20% to the difference. Your tax free pay is your tax code with a "nought" added on the end. Why am I talking about such a boring subject at 10 p.m.???

[flumpy dog]

not boring john
youve helped me !
much obliged and thanx you guys aswell[:)]

[MelanieGiles]

Why not use the site that I use www.listentotaxman.com - which will actually calculate the tax and national insurance you ought to be paying on your salary. It is very useful, and also shows you the tax bands.

[flumpy dog]

ah that looks good thanx a lot melanie. [:)]