New Tax Code = More Wonga !!

carlpenn · 29th April 2013, 21:19

Been given a new Tax Code of 944L (Nope not a Porsche!!)

Now got £70 extra in my Paypacket this Month - Not a massive amount I know, but who cares............

Filled my Tank up on the V6 - £80.

Everybody Wins..........

Brabus · 29th April 2013, 21:44

Nice. Still must kind of hurt to give it back on petrol.

carlpenn · 29th April 2013, 21:57

Quote:

Originally Posted by Brabus

Nice. Still must kind of hurt to give it back on petrol.

Not really no.

The way I look at it is this, no matter how much you have, you gonna pay Tax.

So, the more you have, the more Tax you give. The more Tax you give, the more teh Economy benefits.

Now, granted, £70 reduction in my Monthly Tax = the Gov't getting £70 less Tax. But, here is the bonus. The Economy gains, because I spent £70 more than I normally could afford. Granted it was Fuel, but it could have been Tesco or the Local butchers......Its neither here nor there where I spend it.

If my £70 = £70 Million countrywide, that means that the Economy benefits from a £70 Million boost which in turn means everyone benefits.

Maybe I am naive or looking at it the wrong way. But I had a smile on my face filling up my Tank

Phil · 29th April 2013, 22:25

Does this apply to everyone? I thought I had paid more than normal this month!? I will have to have a look at my wage packet from last month and this.

carlpenn · 29th April 2013, 22:30

Quote:

Originally Posted by Phil

Does this apply to everyone? I thought I had paid more than normal this month!? I will have to have a look at my wage packet from last month and this.

Hiya Phil.,

Not sure mate, I am on Peasant Wage.........I mean Minimum Wage.

Don't know how they do it nowadays

Last Months was 810L now I got 944L

I work a set 40 Hour week too (My Employer wont pay Salary as they don' t benefit from it)

Phil · 29th April 2013, 22:32

Quote:

Originally Posted by carlpenn

Hiya Phil.,

Not sure mate, I am on Peasant Wage.........I mean Minimum Wage.

Don't know how they do it nowadays

Last Months was 810L now I got 944L

I work a set 40 Hour week too (My Employer wont pay Salary as they don' t benefit from it)

Hi Carl,
I will have a looksie. I don't even know how to work out a tax code.

carlpenn · 29th April 2013, 22:33

Quote:

Originally Posted by Phil

Hi Carl,
I will have a looksie. I don't even know how to work out a tax code.

TBH Phil, I doubt the Tax office do either mate

Your Tax Code is on your Payslip

It will be a 3 Digit number followed by a letter, unless your Bankrupt then its 3 letters

Not that I am implying your Bankrupt..........

Poop I seriously need to not drink on a Monday...........

FLYER · 29th April 2013, 22:43

Seem to recall you can earn 10k before tax comes in now .

Could be wrong .

Seem to recall Osborne saying it in the budget speech blah blah b

lah.

carlpenn · 29th April 2013, 22:45

Quote:

Originally Posted by FLYER

Seem to recall you can earn 10k before tax comes in now .

Could be wrong .

Seem to recall Osborne saying it in the budget speech blah blah b

lah.

Thats happening in 2015.......Which is Election Year

FLYER · 29th April 2013, 23:00

Quote:

Originally Posted by carlpenn

Thats happening in 2015.......Which is Election Year

Blast..............................

29th April 2013, 21:19	#1
carlpenn This is my second home 2000 Wedgey Blue 2.5V6 Beauty Join Date: Jul 2007 Location: Bilston Posts: 4,486 Thanks: 36 Thanked 29 Times in 16 Posts	New Tax Code = More Wonga !! Been given a new Tax Code of 944L (Nope not a Porsche!!) Now got £70 extra in my Paypacket this Month - Not a massive amount I know, but who cares............ Filled my Tank up on the V6 - £80. Everybody Wins.......... __________________ 2.5V6 Auto: Work carried out so far: Crankcase Breather Pipe replaced, O/S CV Joint replaced, Starter Motor Repair Kit Fitted, Front Suspension Overhauled.

29th April 2013, 21:44	#2
Brabus This is my second home 01 75 tourer cdt,1973 Rover 3500S,,1974 Rover 3500 Auto,1998 216 SE Coupe, 1968 Morris Minor 1000 Join Date: Jul 2010 Location: bangor/down Posts: 4,839 Thanks: 62 Thanked 184 Times in 158 Posts	Nice. Still must kind of hurt to give it back on petrol. __________________ Regards Neale [SIGPIC][/SIGPIC] 121st 75 Tourer to be made 15th 75 Tourer CDT Club SE to be made 36th 75 Tourer in Zircon Silver Metallic to be made Membership No 903 I was one of the 541

29th April 2013, 22:25	#4
Phil This is my second home Rover 75 CDT Connoisseur SE Join Date: Nov 2006 Location: Wales Posts: 12,227 Thanks: 469 Thanked 523 Times in 241 Posts	Does this apply to everyone? I thought I had paid more than normal this month!? I will have to have a look at my wage packet from last month and this. __________________

29th April 2013, 22:43	#8
FLYER Banned rover75 cdti AUTO TOURER 160 bhp. Join Date: Jul 2010 Location: Glasgow Posts: 35,346 Thanks: 2,985 Thanked 3,685 Times in 2,463 Posts	Seem to recall you can earn 10k before tax comes in now . Could be wrong . Seem to recall Osborne saying it in the budget speech blah blah blah.