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Should you get taxed if you are a full time student?

In education but Should i get taxed?

  • I have a part-time job and also still in full-time education at the age of 18. From my first two wages i had deductions but ever since i have received no deductions at all and i have been informed that as a student i shouldn't be taxed on my wage but i don't know how true this is. i don't understand how it all works as i'm new to it all. However my mum reckons you only get taxed on amounts over £80 but that is just a guess, if so then i shall expect to be taxed this pay day as this week my wage totals up to £87.15. Could anyone tell me weather or not i should be taxed and if possible provide any information or evidence they can?

  • Answer:

    There is no such thing as a student exemption - forget that it is a story. You DO get the standard personal allowance, this year you can earn £7475 without paying tax. When you started the job your employer operated an emergency tax code, HMRC sent them the right code. As your rate of earning projects at less than £7475 up to April you are not paying tax. All is correct and you do not owe tax. Come April the pay count resets to zero, a new allowance applies and start again. If your earnings stay low you will not pay tax.

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As long as your earnings do NOT exceed £143.75 per week, you will not have to pay any tax. This limit applies to everyone in England - not just students.

gk

doesn't matter if you are a student or not, you can earn up to £7475 a year without being taxed.

think

This is from the government web site you should check it out it has everything you need to know If you work for an employer during term-time, any Income Tax and National Insurance due will be deducted from your wages before you receive them. This is known as Pay As You Earn (PAYE). Everybody can earn a certain amount before they start paying Income Tax - this is the personal allowance (£7,475 for the tax year 2011-12). For the tax year 2011-12, you begin making National Insurance contributions when you earn above £139 a week (the earnings threshold). To find out more about Income Tax and National Insurance, follow the links below.

Partydog Seo

nooo

gymnast1234

Everyone pays tax, as long as you are earning over the personal allowance. What, and you though Harry potter Start Daniel Radcliff earned his millions and didn't pay tax LOL?? Yeah right. Everyone pays taxes. Death and taxes are the only certain thing in this life. Who *informed* you, as a student you did not have to pay tax??? I wouldn't rely on what *someone said* You have got some answers here and, you can also call HMRC to back up what people are saying here. ALWAYS back up what you have been told by asking the *real* people and departments :))

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