if my wages were £624 how do i work out what tax will be taking off?

Answer 1

Add up the total amount you would be paid per year if that was your wage per payday.
ie: if that's a monthly wage it's £624 x 12, weekly wage £624x52 and fortnightly £624x26.
Subtract your tax allowance from your wage total (so it's roughly *total* - about £5k)
Then find 20% of the what you have left, and that's roughly what you'll end up paying in tax. (Or you can chheck with your payroll office, which will be slightly quicker and more accurate!)

Answer 2

We each have an annual allowance of our income that we can earn, before payment of tax, running from April 6th each year. If you haven't earned anything since April last year, this will mean that you'll benefit from paying lower tax, for the next few weeks until April, than if you'd earned £624 per week since last year.

You can earn £5,035 this year fax-free, assuming you are an adult, under 65 years old. Employers normally start new staff on an 'emergency' tax code, taking basic deductions, until your Inland Revenue office provide them with the correct code to be used for you, this year. You may then get a tax refund, where you had overpaid income tax.

Come back and modify the question with whether you have earned this year, already.

Good luck! Rob

Answer 3

Did she tell you how many hours you will be working? If it's 40 hours a week, the hourly wage would be 1200/80, or $15/hour. Or maybe you are earning a salary, where you get paid $1200 no matter how many hours you work.

Answer 4

You need to know your tax code you are allowed to earn a amount tax free. So what you do is work out annual income subtract tax free amount then u have the taxable amount of your income. http://www.hmrc.gov.uk/rates/it.htm here is a link which shows what tax relief you qualify for and the % you need to pay its basic maths really

Answer 5

You need to know your tax code (probably 503L) and then go on to this site:
www.listentotaxman.com

Put in your tax code and the amount you earn and it will tell you the Net pay amount.

Good luck xx

Answer 6

It depends entirely on what your tax coding is.

Your wages dept, or the local tax office, will be able to tell you.

Your code should also be on your last payslip.

Answer 7

We need to know your tax code as well

Answer 8

Is that per week, fortnightly, monthly?!

Consider speaking to someone in your Payroll department at work, for an accurate figure....

Answer 9

are you paid weekly or monthly!