Sort of - if you earnt 13k then you would be taxed down to 10k.
If you earnt 12750, then you aren’t taxed, but assuming rent at 800PCM you would have £3000 to live off for the year, which once you factor in heating bills if you use it, travel, council tax, London prices of goods, and so on, is not very much.
Sort of - if you earnt 13k then you would be taxed down to 10k.
If you earned 13k , then you’d only pay tax on the £250 you’ve earned above the personal allowance no?
As far as I understand it, it’s not that you don’t pay taxes so long as you make less than the personal allowance, it’s that the first £12750 you make is untaxed regardless of how much you make until you make more than £100k.
Sort of - if you earnt 13k then you would be taxed down to 10k.
If you earnt 12750, then you aren’t taxed, but assuming rent at 800PCM you would have £3000 to live off for the year, which once you factor in heating bills if you use it, travel, council tax, London prices of goods, and so on, is not very much.
If you earned 13k , then you’d only pay tax on the £250 you’ve earned above the personal allowance no?
As far as I understand it, it’s not that you don’t pay taxes so long as you make less than the personal allowance, it’s that the first £12750 you make is untaxed regardless of how much you make until you make more than £100k.
Oh shit yeah
So true