Happy New Tax Year!

Plans for 2018/19?

I intend to pay more tax in 2018/19 than I did in 2017/18.

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I have to do a tax return in three countries this year!

I’m so excited I could cry!

I think Im about £7 better off this year
(until inflation is taken into account, making me about -£2000)

:+1:

Any of our Scotland-based users excited about/for the new starter and intermediate tax bands?

Trump’s so called “historical tax cut” has had ZERO effect on me.

Fuck that guy. I will NOT get fooled again.

Sugar tax will probably hit me hard

I overpaid PAYE tax last year by the tune of 4-5,000 so looking forward to sorting a tax rebate out in a few weeks

Well in the balance between extra pension contributions and the raising of the student loan baseline, I may well maintain a status quo. Exciting!

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celebrated the sugar tax by eating some jelly beans.

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do they take effect now then (now then)? haven’t actually checked to see how I’m affected. FISCAL EXCITEMENT!

They are IN PLACE.

oh right. can I PM you my NI number and you let me know what difference it makes please

Just checked my HMRC account and somehow I’m 22p in credit

Only £[redacted] minus 22p to pay by the end of July then

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Gonna do my tax return, gonna be fucking wicked

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Fucking hell, that 45% rate is miles off.

I’m going to have to think of a more creative way to pay more tax.

Assuming you’re on the normal tax code, you’re now taxed as follows:

£0 - £11,850 = 0%
£11,851 - £13,850 = 19%
£13,851 - £14,150 = 20%
£14,151 - £43,730 = 21%
£43,731 - £100,000 = 41%
£100,001 - £123,700 = 61.5%
£123,701 - £150,000 = 41%
£150,001+ = 46%

!

used this

to establish that between my wife and I the net difference will be minimal! YAY!

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Right, not to labour the point here, but the budget calculator says I’d be £20 a month better off next year if my salary was the same.

Why the fuck are people who get paid too much already getting a tax cut?! Fuck off, Tories.

If you buy £50 worth of fags a month then you’ll be giving that £20 back to the govt.

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