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Yes salaries are advertised gross, and you deduct tax from the gross figure. Try this site: https://listentotaxman.com/ https://listentotaxman.com/
by pmuk 10y ago
Yes salaries are advertised gross, and you deduct tax from the gross figure. Try this site: https://listentotaxman.com/ https://listentotaxman.com/
- jakub_g 10y agoI mean, for example in France, the salaries might be advertised as "€35k", but from this you deduct social charges etc., and you pay tax from the "taxable income" which would be for example "€27k". Does this work the same in UK, or do I pay tax exactly from what the job offer says?
- andyjohnson0 10y agoIn the UK you pay National Insurance (NI) on your gross earnings. NI pays for things like the National Health Service. The amount you pay depends on your employment status and how much you earn [2]. I assume this is similar to "social charges" in France. After deducting NI and the tax-free allowance [3], you pay income tax on whats left. And whats left after that is yours to keep. Most regular employees have tax and NI automatically deducted from their monthly/weekly pay by their empoyer. This is called Pay as You Earn (PAYE) and keeps things simple. Company owners, contractors, etc. often pay tax yearly or half-yearly and often employ an accountant to arrange this. [1] This is the amount that the job pays, before all taxes and deductions. [2] https://www.gov.uk/national-insurance/how-much-you-pay https://www.gov.uk/national-insurance/how-much-you-pay [3] https://www.gov.uk/income-tax-rates/current-rates-and-allowances https://www.gov.uk/income-tax-rates/current-rates-and-allowa...
- jakub_g 10y agoGreat, thanks!