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Tax on smp

(9 Posts)
AlphaAndEcho Tue 19-Feb-13 19:36:59

Anyone on only smp able to tell me how much tax they pay ? Tia x

lightrain Tue 19-Feb-13 19:41:35

Should be 20%, but depends on what you earn for the rest of the year.

MrAnchovy Tue 19-Feb-13 22:56:24

If you are on a normal tax code you won't have any tax deducted from the lower rate of payment.

MrAnchovy Wed 20-Feb-13 10:51:11

In fact if your tax code is 810L you will get a REFUND of about £4 a week.

AlphaAndEcho Wed 20-Feb-13 13:08:10

Ah really ? 810L is my tax code .

MrAnchovy Wed 20-Feb-13 13:24:22

Well it depends on when you start ML of course, if you have already started so it drops to the lower rate by the beginning of the next tax year you won't have paid any tax in that tax year so there will be nothing to refund.

Lonelybunny Thu 21-Feb-13 15:25:55

I pay £47 per month tax on my smp ! Pretty gutted at we are so skint ! And I work so hard for this country and they even tax me on that !

MrAnchovy Fri 22-Feb-13 20:40:47

Lonelybunny do you have a company car or other taxable benefits? If so, that is what you are paying tax on. This will be based on an estimate so make sure you check the total amount you have paid after the end of the year when your employer has sent through P60 and P11D forms.

Lonelybunny Fri 22-Feb-13 21:22:26

I don't have a company car but I do claim back mileage for my job

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