Will I get taxed on my job if I am a student ?
-
I am a full time student doing a 1 Year, Access to Higher Education course in social work. I also work at a disability home earning around 800 + a month also full time, and I get taxed quite a bit on it. Am I supposed to be being Taxed or am I entitled to claim Some back ? Started my job March 2009, started college September 2009.
-
Answer:
Sorry, but it's a myth that students don't have to pay tax. Most students don't get deductions, but only because they earn less than the £6475 (approximately £540 a month) tax-free personal allowance, to which all UK citizens are entitled. If earnings £800 a month, you will be taxed on £260 @ 20% = £52 tax, plus your NIC. As you started job in March, that was before the start of current tax year, so no backlog of unused personal tax-free allowance. If you had any tax deducted before 5th April, it depends what you were doing before previous 6th April as to whether you are entitled to any rebate. Send P60 to tax office with details of previous employment history if you want it checked. You can check normal deductions on http://www.listentotaxman.com , although that will not do in-year calculations.
Stephen at Yahoo! Answers Visit the source
Other answers
How much is "quite a bit"? As long as you are getting your tax allowance (£6,475 is standard) and not being taxed 20% on all income, there is no other extra concession being a full time student who works during term time.
truecockney
There are no special tax breaks for students, and on more than about £530 per month you are liable to pay tax.
David H
Related Q & A:
- From where will i get the information of estabalishing a business or having a branch or delearship or agency?Best solution by Yahoo! Answers
- How do I get a job in the field I am studying for?Best solution by Yahoo! Answers
- What kind of jobs will i get with a CCNA?Best solution by Yahoo! Answers
- What are the job scopes in Canada for a civil engineer? Will I get the job easily?Best solution by ask.shiksha.com
- What kind of questions will I be asked at a job interview?Best solution by ChaCha
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.