Hi all.
So far this tax year I've earned £1,302.80 from my student job. I've paid no tax on this -- so my full annual allowance remains.
Next week I begin my graduate career. My salary is most certainly taxable!
My question: between now and next April will I be paying the correct amount of tax (taking into account that my full allowance remains), or should I expect to reclaim overpaid tax in April?
I'd like to start planning a budget but right now I'm not sure how much net income I'll have each month. Thanks for your help! :beer:
So far this tax year I've earned £1,302.80 from my student job. I've paid no tax on this -- so my full annual allowance remains.
Next week I begin my graduate career. My salary is most certainly taxable!
My question: between now and next April will I be paying the correct amount of tax (taking into account that my full allowance remains), or should I expect to reclaim overpaid tax in April?
I'd like to start planning a budget but right now I'm not sure how much net income I'll have each month. Thanks for your help! :beer: