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New PAYE brackets

Posted: 04 Feb 2021, 19:51
by Kwacky
Ouch

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:07
by Monty
Son of a **** bitch! That's just negated the TAX reduction on the company car arriving literally tomorrow morning! I **** give up!

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:24
by Cav
Doesn't take much of a payrise for me to be a higher tax payer now. Am I right in thinking the 45% rate threshold has increased?

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:31
by Kwacky
Nope. The 45% remains the same.

That's a big tax hike for me. I'm not happy. It's going to hit a lot of people.

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:36
by Monty
When did they announce this? I’ve not seen or heard anything

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:45
by Kwacky
They didn't. It was hidden in some papers with the spending review.

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:51
by Kwacky
Panic over. I've just realised it's £37k over the personal allowance. Not £37k as the starting point.

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:53
by Monty
Thank **** for that!

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:55
by Monty
PS You owe my dog an apology!

Re: New PAYE brackets

Posted: 04 Feb 2021, 20:58
by Kwacky
I'll give it some gentle loving next time I'm over your way

Re: New PAYE brackets

Posted: 04 Feb 2021, 21:29
by duke63
A massive £70 increase in the personal tax free allowance. :(

Wait til they start having to pay back all this free money they have been giving away for a year.

Negative interest rates imminent too according to the Bank of England.

Re: New PAYE brackets

Posted: 04 Feb 2021, 22:52
by Monty
God help anyone on a tracker mortgage, it’s going to be just like the eighties again but without the shit music.

Re: New PAYE brackets

Posted: 04 Feb 2021, 23:06
by Kwacky
The 80s was magnificent for music.
Acid
Hip hop
Grunge

Re: New PAYE brackets

Posted: 04 Feb 2021, 23:13
by Monty
Kwacky wrote:I'll give it some gentle loving next time I'm over your way
You’ll be 54 quid a year better off, so you can buy me a pint while you’re here.

Re: New PAYE brackets

Posted: 05 Feb 2021, 00:22
by Monty
Kwacky wrote:The 80s was magnificent for music.
Acid
Hip hop
Grunge
Fair point every decade does have some incredible tunes

https://youtu.be/V-1mLguIFYQ" onclick="window.open(this.href);return false;

Re: New PAYE brackets

Posted: 05 Feb 2021, 08:37
by Perkles
Maddona
Pepsi and Shirlie
The cocktail twins

:D

Re: New PAYE brackets

Posted: 05 Feb 2021, 12:21
by D41
Pepsi and Shirlie frickin' rock. (rock) (inlove)


....And thanks - I hadn't heard them in years, I had to dig them up and give them a spin.